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RBC Capital Remains a Buy on DuPont de Nemours (DD)

Tipranks - Tipranks - Tue May 12, 7:24AM CDT

In a report released on May 8, Arun Viswanathan from RBC Capital maintained a Buy rating on DuPont de Nemours, with a price target of $60.00. The company’s shares closed last Friday at $49.76.

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According to TipRanks, Viswanathan is a 4-star analyst with an average return of 3.4% and a 53.31% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as PPG Industries, Albemarle, and DuPont de Nemours.

In addition to RBC Capital, DuPont de Nemours also received a Buy from Deutsche Bank ‘s David Begleiter in a report issued on May 7. However, on May 6, Morgan Stanley assigned a Hold rating to DuPont de Nemours (NYSE: DD).

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Based on DuPont de Nemours’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.68 billion and a net profit of $161 million. In comparison, last year the company earned a revenue of $3.07 billion and had a GAAP net loss of $589 million

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