Alembic Global Keeps a Buy Rating on DowDuPont Inc

By Ryan Adsit

In a report issued on May 14, Hassan Ahmed from Alembic Global reiterated a Buy rating on DowDuPont Inc (NYSE: DWDP), with a price target of $90. The company’s shares closed yesterday at $68.03.

According to TipRanks.com, Ahmed is a 5-star analyst with an average return of 14.3% and a 71.0% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.

Currently, the analyst consensus on DowDuPont Inc is Strong Buy and the average price target is $82.57, representing a 21.4% upside.

In a report issued on May 4, Citigroup also maintained a Buy rating on the stock with a $80 price target.

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Based on DowDuPont Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $21.51 billion and net profit of $1.1 billion. In comparison, last year the company earned revenue of $13.22 billion and had a net profit of $884 million.

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock.

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