DuPont de Nemours, Inc. (NYSE:DD) ranks among the best specialty chemicals stocks to invest in. On September 22, KeyBanc maintained its Overweight rating on DuPont de Nemours, Inc. (NYSE:DD) and increased its price target for the chemical company’s shares from $92 to $93. The update followed KeyBanc’s attendance at investor days for DuPont and its future spinoff firm Qnity Electronics. Following the Qnity spin-off, KeyBanc stated it was more confident in its sum-of-the-parts (SOTP) valuation approach, which projects a 20–25% upside potential for DuPont de Nemours, Inc..
KeyBanc considers management’s organic growth goals to be “modestly conservative,” with Qnity Electronics looking for 6-7% growth and DuPont de Nemours, Inc. for 3-4%. According to the firm, there is a greater than 50% chance that both companies will surpass these goals in the next couple of years.
DuPont de Nemours, Inc., based in Delaware, is a leading provider of technology-driven materials and solutions. It operates in three primary segments: Electronics & Industrial, Water & Protection, and Corporate & Other.
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This article is originally published at Insider Monkey.
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