Du Pont Estimates Lowered at Jefferies (DD)

By
A A A
Share |

Jefferies & Co. reported on Wednesday that they have lowered estimates for chemicals company, E I Du Pont De Nemours And Co( DD ).

The firm, which currently has a rating of "Hold" on DD, has reduced its price target to $48. This price target suggests a 6% increase from the stock's current price of $45.10.

Analysts have reduced the company's estimates due to a cautious outlook and movement within pension accounting.


DuPont shares were up $1.41, or 3.23% during premarket trading Wednesday. The stock is down -4.5% YTD.

The Bottom Line
Shares of DuPont ( DD ) have a 3.94% dividend yield, based on last night's closing stock price of $43.69. The stock has technical support in the $39-$42 price area. If the shares can firm up, we see overhead resistance around the $46-$47 price levels.

E I Du Pont De Nemours And Co( DD ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: DD

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Don't Pay Up to Play REITs
Don't Pay Up to Play REITs          

Stocks

Referenced

55%

Most Active by Volume

100,376,898
  • $17.62 ▲ 0.51%
83,231,837
  • $25.62 ▲ 1.91%
75,739,329
  • $111.78 ▼ 0.77%
65,297,937
  • $36.37 ▼ 1.76%
59,053,093
  • $47.66 ▲ 0.29%
53,482,350
  • $2.59 ▼ 0.38%
51,504,284
  • $7.34 ▲ 2.37%
51,434,656
  • $8.14 ▲ 6.96%
As of 12/19/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com