Chemicals maker E.I. du Pont de Nemours & Company (
), 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
Credit Suisse maintained its "Neutral" rating on the stock, but
noted the company faces near-term growth headwinds amid the tenuous
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 (
) 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 (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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, as well as a detailed explanation of
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