BMO Capital lowered the firm’s price target on DuPont (DD) to $105 from $107 and keeps an Outperform rating on the shares after the company’s update on separation of its Electronics business and plans to keep the Water business in New DuPont. The move was a bit surprising given the higher value Water would likely get on its own vs. being embedded in New DuPont, though on the positive side, the management reiterated its Q4 guide and is speeding up the Electronics split, the analyst tells investors in a research note.
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