DuPont Shares Rise as KeyBanc Upgrades Stock to ‘Overweight’

Shares of DuPont (DD) advanced Monday after KeyBanc analysts upgraded the chemical giant’s stock to “overweight” from “sector cross.”

KeyBanc made the move “given the sell-off in DuPont shares and the administration’s recent steps on deescalating the tariff uncertainty,” the analysts wrote Sunday in a note previewing the head quarter for the chemicals sector.

The analysts called DuPont a “high-quality name” and said it “has a strong balance sheet that should support it withstand a possible downturn in the economy.”

DuPont shares rose nearly 3% to $60.64 in recent trading but are down nearly 20% so far this year. Nearly all of the decline has occurred since President Donald Trump announced sweeping “common” tariffs on April 2.