DuPont de Nemours (DD) delivered a solid Q2, though its full-year guidance implied a softer H2 than previously expected, RBC Capital Markets said in a note Thursday.
The company remains well-positioned heading into 2027, supported by continued organic improvement, solid earnings per share growth, and plans to return more than $500 million to shareholders through buybacks in 2026 following Q2 free cash flow conversion above 100%, the analysts said.
RBC adjusted its earnings before interest, taxes, depreciation, and amortization estimates slightly to $465 for Q3, $1.76 billion for fiscal 2026, and $1.89 billion for fiscal 2027, from $466 million, $1.745 billion and $1.865 billion, respectively.
EPS estimates were also adjusted to $1.96 for Q3, $7.25 for 2026, and $8 for 2027, from prior estimates of $1.97, $7.20, and $8, respectively.
RBC maintained its outperform rating and lowered its price target to $176 from $180.
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