11:25 AM EDT, 05/23/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our 12-month target price by $10 to $84, valuing DD shares at 24x our '24 EPS estimate of $3.51, versus the one-year average forward multiple of 20x. DD announced plans to separate into three independent, publicly traded companies in a tax free separation set to be completed in the next 18-24 months. "New" Dupont ( DD ) would house the Water & Protection segment, most of the Industrial Solutions units, and the retained Corporate units, with $6.6B in revenues in '23. The Electronics unit would contain the existing Semiconductor and Advanced Electronics product groups and the electronics lines from Industrial Solutions, and had $4B in revenues in '23. The Water unit would contain the water filtration and purification solution entities ('23 revenues of $1.5B). Weighing the potential benefits of this transaction with the execution risk and likely disruption, DD's mixed near-term growth outlook, and valuation that remains above historical averages, we view the shares as fairly valued, but worth holding.