According to the analysts at RBC Capital, DuPont de Nemours, Inc. (NYSE:DD) is well positioned to benefit from secular growth trends in the Shelter Solutions segment driven by residential and non-residential construction in North America and growth opportunity in EMEA/APAC.
The analysts believe the Shelter Solutions segment fits within the financial profile of a multi-industry company and that should support the case for a re-rating in the company’s stock.
According to the company, the Shelter portfolio expects to deliver a 6% revenue CAGR from 2019 through 2022, which includes pricing actions that were implemented in 2021 to offset inflation. However, the company did mention this segment would eventually grow in line with GDP.