DuPont (DD) Today: Citi Lifts Price Target to $47 as “New DuPont” Sets $0.20 Dividend, $2B Buyback After Qnity Spin
Citi raised its DuPont target to $47 and kept a “Buy” rating after the company’s Qnity Electronics spinoff and new $0.20 quarterly dividend. DuPont authorized a $2 billion share repurchase, including a $500 million accelerated buyback. Q3 net sales rose 7% to $3.07 billion, with adjusted EPS at $1.09. Qnity now trades as NYSE: Q and joined the S&P 500.
