Dupont Meets Expectations but Chemicals Business Struggles
On Tuesday, DuPont reported third-quarter results that generally matched our expectations. DuPont experienced year-over-year operating earnings improvement in all of its segments except performance chemicals. We’re raising our fair value estimate to $57 per share from $55 to account for slight modifications to our forecast and the effect of the time value of money since our last update. We are maintaining our narrow moat rating … Continue reading Dupont Meets Expectations but Chemicals Business Struggles