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Citi Reaffirms Their Buy Rating on DuPont de Nemours (DD)

Tipranks - Tipranks - Tue Apr 14, 5:46AM CDT

Citi analyst Patrick Cunningham reiterated a Buy rating on DuPont de Nemours on April 10 and set a price target of $56.00. The company’s shares closed last Friday at $47.25.

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According to TipRanks, Cunningham is a 4-star analyst with an average return of 4.2% and a 50.28% success rate. Cunningham covers the Basic Materials sector, focusing on stocks such as LyondellBasell, PPG Industries, and International Flavors & Fragrances.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for DuPont de Nemours with a $56.67 average price target.

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Based on DuPont de Nemours’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.69 billion and a GAAP net loss of $126 million. In comparison, last year the company earned a revenue of $3.09 billion and had a GAAP net loss of $118 million

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