Chemical Giant DowDuPont $DWDP to Operate Under Three Divisions

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


    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%)

    52wk High 77.08
    52wk Low 61.27

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