RBC Capital analyst Arun Viswanathan maintained a Buy rating on DuPont de Nemours on July 8 and set a price target of $180.00. The company’s shares closed yesterday at $136.97.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Viswanathan covers the Basic Materials sector, focusing on stocks such as PPG Industries, Solstice Advanced Materials, Inc., and RPM International. According to TipRanks, Viswanathan has an average return of 1.1% and a 51.30% success rate on recommended stocks.
In addition to RBC Capital, DuPont de Nemours also received a Buy from J.P. Morgan’s Chigusa Katoku in a report issued on July 9. However, on July 1, Bank of America Securities maintained a Hold rating on DuPont de Nemours (NYSE: DD).
Based on DuPont de Nemours’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.68 billion and a net profit of $161 million. In comparison, last year the company earned a revenue of $3.07 billion and had a GAAP net loss of $589 million
