DuPont’s Price Target Lowered at Credit Suisse (DD)

By
A A A
Share |

Chemicals maker E.I. du Pont de Nemours & Company ( DD ), commonly known as DuPont, on Thursday saw its price target cut by analysts at Credit Suisse.

The firm said it now expects DD shares to reach $50, suggesting a smaller 16% upside to the stock's Wednesday closing price of $43.22.

Credit Suisse maintained its "Neutral" rating on the stock, but noted the company faces near-term growth headwinds amid the tenuous macroeconomic environment.


DuPont shares, which have fallen 13% year-to-date, rose 48 cents, or +1.1%, in premarket trading Thursday.

The Bottom Line
Shares of DuPont ( DD ) have a 3.79% dividend yield, based on last night's closing stock price of $43.22. The stock has technical support in the $39-$44 price area. If the shares can firm up, we see overhead resistance around the $48 price level.

E.I. du Pont de Nemours & Company ( DD ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 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

Stocks

Referenced

55%

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

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