Specialty chemicals maker DuPont (
) on Friday saw its coverage reinstated with a "Neutral" rating by
analysts at Goldman Sachs.
The firm also set a $66 price target on DD shares, which
suggests a solid 21% upside to the stock's Thursday closing price
Goldman noted the company's recent acquisition of food
ingredients maker Danisco should help accelerate profitability for
DD's biosciences businesses. The analyst also adjusted its
2011/2012/2013 estimates to from $3.86/$4.47/$4.81 per share to
$3.75/$4.50/$5.00 per share, respectively.
DuPont shares were mostly flat in premarket trading Friday.
The Bottom Line
We have been recommending shares of Dupont (
) since Apr.27, 2011, when the stock was trading at $55.06. The
company has a 3.16% dividend yield, based on last night's closing
stock price of $51.97.
) is a "Recommended" dividend stock, holding a Dividend.com DARS™
Rating of 3.6 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
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