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(Reporter Choi Hyo-eun, Daily) Citigroup issued an investment opinion on DuPont (DD) on the 28th (local time). Patrick Cunningham, an analyst at Citigroup, raised his investment opinion on DuPont from “neutral” to “buy”. In addition, the target share price was raised from $85 to $95. We expect it to increase by about 15% compared to now.
Cunningham believes that the separation of DuPont’s business will provide momentum for the stock price. The independent electronics business is expected to benefit from the long-term growth of semiconductors and electronic devices. Business sales are expected to grow with the momentum of artificial BroadCast Unitedligence.
Not only that, other business units are also expected to achieve external growth. The fact that about 70% of the business is a completed business model is also considered stable.
DuPont shares rose 0.7% and are currently trading around $81.
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