DowDuPont: Jefferies raises target price.
(CercleFinance.com) - Jefferies maintains its "buy" rating on DowDuPont and has set a new target price of 80 dollars for the stock, saying a "blue sky" scenario of 118 dollars could be expected.
In a research note sent to clients, the broker said a modest upward revision in Q4 synergy targets and a nod towards portfolio-slimming would be a catalyst for the share price in the first half of 2018.
A "blue sky" scenario could even be envisaged on realizing the target 1 billion dollars in growth synergies and another 1 billion dollars in terms of productivity, Jefferies said.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a research note sent to clients, the broker said a modest upward revision in Q4 synergy targets and a nod towards portfolio-slimming would be a catalyst for the share price in the first half of 2018.
A "blue sky" scenario could even be envisaged on realizing the target 1 billion dollars in growth synergies and another 1 billion dollars in terms of productivity, Jefferies said.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.