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Add as a preferred source on GoogleJ.P. Morgan Downgrades DuPont and Illinois Tool Works to Neutral
The bank lowered DuPont’s price target to $145 from $172 and Illinois Tool Works’ target to $277 from $300 as short-cycle demand concerns extend into 2027.
J.P. Morgan downgraded DuPont de Nemours, Inc. and Illinois Tool Works to Neutral from Overweight as concerns over weakening short-cycle industrial demand extend into 2027.
The bank lowered DuPont’s price target to $145 from $172. Its target for Illinois Tool Works fell to $277 from $300.
Short-cycle demand refers to industrial activity that can change quickly with business conditions. The report was published at 4:15 p.m. ET (20:15 UTC) on Oct. 9.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.