DuPont de Nemours' (DD) "solid" fundamentals and "attractive" sum-of-the-parts valuation are seen driving the company's stock over the next year, UBS Securities said in a note Monday.
The investment firm said that even based on cautious assumptions, "2025 should set up for positive organic growth across all sub-segments."
On the sum-of-the-parts valuation, UBS said it should be catalyzed with the spin-off of DuPont's Electronics business, expected to be completed on Nov. 1.
The firm also said it believes that DuPont's decision to no longer separate its Water business results in a "more robust" portfolio for the remaining company.
UBS lifted DuPont's price target to $103 from $102 while maintaining a buy rating on the stock.
Price: 81.53, Change: -0.29, Percent Change: -0.35