DuPont’s Price Target Boosted at Bank of America/Merrill Lynch (DD)

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Chemicals and agricultural products maker DuPont ( DD ) on Friday saw its price target raised by analysts at Bank of America/Merrill Lynch.

The firm said it boosted its price target for DD from $54 to $56, which implies a 16% upside to the stock's Thursday closing price of $48.32.

Bank of America/Merrill Lynch also noted its expects 12% EPS growth through 2015, citing lower costs and a more favorable tax rate. The analyst also maintained its "Buy" rating on DD.


DuPont shares were mostly flat in premarket trading Friday.

The Bottom Line
Shares of Dupont ( DD ) have a 3.39% dividend yield, based on last night's closing stock price of $48.32. The stock has technical support in the $44 price area. If the shares can firm up, we see overhead resistance around the $52-$53 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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