DuPont’s Estimates Boosted at Jefferies & Co. (DD)


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Diversified chemicals maker DuPont ( DD ) on Tuesday saw its earnings estimates lifted by analysts at Jefferies & Co.

The firm said it boosted its estimates for DD through 2012, citing higher realized titanium dioxide prices.

Jefferies currently rates DD as a "Buy" with a $64 price target, suggesting a healthy 24% upside to the stock's Monday closing price of $51.75.

DuPont shares were mostly flat in premarket trading Tuesday.

The Bottom Line
Shares of DuPont ( DD ) have a 3.17% dividend yield, based on last night's closing stock price of $51.75. The stock has technical support in the $48-$50 price area. If the shares can firm up, we see overhead resistance around the $53-$55 price levels.

DuPont ( DD ) is not recommended at this time, holding a DARS™ Rating of 3.4 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 Nasdaq, Inc.

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This article appears in: Investing , Stocks

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