DuPont’s Estimates Cut at Oppenheimer (DD)

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Chemicals maker DuPont ( DD ) on Friday saw its earnings estimates lowered by analysts at Oppenheimer.

The firm said it cut its estimates for DD through 2012, citing the overhang of macroeconomic headwinds. Still, Oppenheimer maintained its "Perform" rating on the stock.

DuPont shares, which have fallen 8.9% year-to-date, posted modest gains in premarket trading Friday.


The Bottom Line
Shares of DuPont ( DD ) have a 3.61% dividend yield, based on last night's closing stock price of $45.46. The stock has technical support in the $42 price area. If the shares can firm up, we see overhead resistance around the $48-$50 price levels.

DuPont ( DD ) is not recommended at this time, holding a Dividend.com 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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: DD

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