BofA Securities analyst Steve Byrne raised the price target for DuPont de Nemours, Inc. (NYSE:DD) from $74 to $80 while reiterating the Underperform rating. The analyst writes that they believe there is logic behind DuPont’s decision to split into three companies and capture higher valuations for the Water and Electronics businesses. The analyst says that DuPont’s position in electronics and its high R&D spend could benefit a spin-co EBITDA multiple. Byrne says that investor interest in DuPont has tended to be modest, which has been due to the uncertain magnitude of Perfluoroalkyl and polyfluoroalkyl substances (PFAS) liabilities and the ...