DuPont’s Target Boosted at Jefferies; Still a “Buy” (DD)

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Chemicals and agricultural products maker DuPont ( DD ) on Friday caught some further positive commentary from analysts at Jefferies & Co.

The firm maintained its "Buy" rating on DD and boosted its price target from $54 to $57. That new target suggests an 8% upside to the stock's Thursday closing price of $52.75.

A Jefferies analyst commented, "DuPont's 18% discount to the S&P 500, in our view, already discounts a more modest restocking cycle, and now the shares have upside if U.S. construction markets recover and EU demand trends stabilize. We reiterate our Buy rating."


DuPont shares, which have risen 15% year-to-date, were unchanged in premarket trading Friday.

The Bottom Line
Shares of Dupont ( DD ) have a 3.11% dividend yield, based on last night's closing stock price of $52.75. The stock has technical support in the $48-$50 price area. If the shares can firm up, we see overhead resistance around the $54-$56 price levels.

DuPont ( 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.

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This article appears in: Investing , Stocks

Referenced Stocks: DD

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