Shares of DowDuPont were rising Wednesday after UBS initiated coverage of the stock with a buy rating and a price target of $45.
The stock was rising 2.82% to $37.53 a share.
The price target from UBS analyst John Roberts represents roughly 20% upside from the stock's current level.
Roberts thinks Wall Street consensus for 2020 EBITDA (earnings before interest, taxes, depreciation and amortization) of $19.57 billion is too low, given the industrial giant's planned spinoff of its agricultural division Corteva Agriscience, set for June.
DowDuPont was replaced as a Dow Jones Industrial Average component by Dow Inc. before the start of trading Tuesday.
Will I Have Enough Money to Retire?
Want to learn about retirement planning from some of the nation's top experts? Join TheStreet's Robert "Mr. Retirement" Powell live in New York on April 6 for our Retirement Strategies Symposium. For a limited time, tickets are available for $99 for this full-day event. Check out the agenda, learn about the speakers and sign up here.