- DuPont (DD +1.5%) is initiated with a Buy rating and $85 price target at Jefferies, which says the stock has strong resilience to a soft macro environment, given the company's better operating discipline and "commitment to exploit its freedom to maneuver."
- DuPont's strong free cash flow as well as the current productivity cycle could help the company generate a 4.1% annual sales growth rate and 12% annual EPS growth through the middle of the next decade, with more than $4B in balance sheet flexibility, according to Jefferies analyst Laurence Alexander.
- Shares could be in a "sweet spot" from Q4 2019 through H1 2020, with potential asset sales lending near-term support and additional support when investors become more risk averse, Alexander says.
- DD's average Sell Side Rating is Outperform and its Seeking Alpha Authors Rating is Bullish, but its Quant Rating is Bearish.