DuPont stock price target raised to $93 from $92 at KeyBanc

KeyBanc raised its price target on DuPont (NYSE:DD) to $93.00 with an Overweight rating, citing increased confidence in its sum-of-the-parts valuation post-Qnity Electronics spin-off, projecting 20-25% upside potential and a high probability of exceeding organic growth targets. Conversely, Qualitas Controladora, SAB De CV reported a significant Q2 2025 earnings miss, with EPS of $3.54 falling well short of the $4.78 expectation and revenue also missing forecasts, leading to a stock price decline and highlighting challenges in meeting market expectations.

Analysis

KeyBanc has reiterated its Overweight rating on DuPont (DD) while raising its price target to $93.00, citing increased confidence in its sum-of-the-parts (SOTP) valuation ahead of the planned Qnity Electronics spin-off. The firm's analysis, informed by recent investor day presentations, suggests a potential 20-25% upside for DuPont's stock following the separation. Central to this thesis is the view that management's organic growth targets—3-4% for the core DuPont business and 6-7% for Qnity Electronics—are "modestly conservative." KeyBanc assigns a greater than 50% probability that both companies will exceed these targets within the next one to two years, indicating that successful execution could unlock further value beyond the current price target. The analyst action frames the corporate restructuring as a significant value-creation event, with conservative guidance providing a potential buffer for future outperformance.

Key Decisions for Investors

• Investors should evaluate DuPont's value using a sum-of-the-parts framework, as the upcoming Qnity Electronics spin-off is the primary catalyst behind the analyst-projected 20-25% upside.
• Monitor the initial post-spin reports from both DuPont and Qnity, as KeyBanc's view of 'modestly conservative' growth guidance points to a high probability of positive surprises that could serve as a re-rating trigger.
• Consider the stock as a catalyst-driven play, but be mindful that the entire bull case is contingent upon the successful and timely execution of the spin-off and the subsequent performance of both entities.