DuPont de Nemours Downgraded to Hold at Deutsche Bank
<p>Deutsche Bank analysts downgraded <a href='https://financialmodelingprep.com/financial-summary/DD'>DuPont de Nemours, Inc. (NYSE:DD)</a> to hold from buy while raising their price target to $80 from $75, highlighting the company’s strong stock performance, with shares up 9% year-to-date and 50% since late September. This performance compares favorably to the broader market, with the S&P 500 up 4% year-to-date and 20% since late September. Given this strong performance and the narrowing of the valuation discount that existed in DuPont's shares for much of 2022, analysts believe that the stock is now fairly valued. </p>
<p>Additionally, the analysts believe that with global GDP forecasted to increase by only around 2% in 2023 and headwinds from higher interest rates negatively impacting building and construction activity and weaker consumer demand negatively impacting global semiconductor production, DuPont's large exposures to these markets and uncertainty around potential recessions in the US and Europe, as well as the pace of recovery/reopening in China, will result in cautious earnings guidance when DuPont reports Q4 results in February.</p>

NYSE:DD