JPMorgan downgrades DuPont stock rating on recovery outlook

Attorney General Todd Rokita led a 16-state lawsuit against DuPont (EIDP), Corteva, and Vylor, alleging a transfer of assets to avoid PFAS contamination liabilities. The suit seeks to freeze assets and block dividends or buybacks. Rokita claims the companies moved valuable assets to Vylor, leaving liabilities with DuPont. The hearing is set for October 2, 2026.

Goldman Sachs lowered its price target for DuPont de Nemours from $159 to $153 while maintaining a neutral rating. The company's stock is currently trading at $130.12, reflecting a 0.66% decline over five days and a 1.27% decrease over a month, but a 7.89% gain since the beginning of the year.

A U.S. judge ruled that 3M, DuPont, Honeywell, and others must face claims from Connecticut firefighters over PFAS exposure in protective gear. The lawsuit alleges the gear, containing 3M's Scotchlite and DuPont's Kevlar, increased cancer risks. The judge allowed the case to proceed, permitting damages and medical monitoring claims. The companies argue the gear served its protective function. PFAS makers face broader scrutiny, with prior settlements totaling over $11 billion.

Chemours, DuPont, and Corteva agreed to a $455 million settlement over PFAS contamination claims. Chemours will pay $50 million in the next year, with the total paid over 15 years. The companies will split the cost equally, and the settlement addresses past and future liabilities related to Fayetteville Works and other sites.

Chemours, DuPont, and Corteva agreed to pay $455M over 15 years to settle PFAS contamination claims in North Carolina. Chemours will cover half, with the rest split between DuPont and Corteva. The funds will support state and local remediation efforts. The companies have already spent or committed significant sums for cleanup and penalties.

A federal judge ruled that 3M, DuPont, Honeywell, and others must face a lawsuit from Connecticut firefighters over toxic 'forever chemicals' in protective gear. The plaintiffs allege the chemicals increased cancer risk. The judge found the unions had standing to seek damages. PFAS, including 3M's Scotchlite and DuPont's Kevlar, were named. The lawsuit began in June 2024.