Chemical Giant DowDuPont $DWDP to Operate Under Three Divisions

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #11666
    TradersCom
    Keymaster

    [article]187[/article]

    #11688
    Truman
    Participant

    Interested to see the share activists response to this move from DowDuPont. Does it satisfy their expectations?

    #18340
    ThePitBoss
    Participant

    DowDuPont Inc. (NYSE: DWDP) downgraded to Neutral from Buy and the target was lowered to $76 from $77 at Nomura/Instinet. Cited “noticeably lower commodity earnings” expected in the second half of the year.

    Analyst Aleksey Yefremov cut his rating to neutral, after being at buy for the past year, and trimmed his stock price target to $76 from $77. “It wouldn’t be a surprise to investors that estimates need to come down, given the recent rise in ethane feedstock, and lower ethylene/PE margins in Europe,” Yefremov wrote in a note to clients.

    He said he expects share to remain “rangebound” over the next few months.

    DowDuPont Inc
    NYSE: DWDP · September 26, 5:42 PM EDT
    66.89 ▼ 1.06 (1.56%)

    P/E175.44
    52wk High 77.08
    52wk Low 61.27

Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.