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DD — DuPont de Nemours News Story

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RBC cuts DuPont PT to reflect Qnity spinoff; maintains 'outperform' rating

** RBC Capital Markets cuts target price for industrial materials maker DuPont DD.N to $48 from $100 to reflect the Qnity spinoff; maintains "outperform" rating

** New PT represents an upside of 24.8% to the stock's last close on Monday

** RBC remains positive on DD after its electronics spin, as the brokerage expects DD is an 8%-10% earnings grower before buybacks

** "We anticipate DD to continue to be strong stewards of capital as it continues to benefit from growth in Water and Healthcare end markets, with the added potential for a moderate industrial recovery over the next several years" - RBC

** 16 out of 18 brokerages rate the stock "buy" or higher and 2 "hold"; their median PT is $47 - data compiled by LSEG

** As of last close, stock up 21.2% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))

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