Piper Jaffray Downgrades DuPont to “Neutral”; Analysts Also Cut Estimates (DD)


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On Monday analysts at Piper Jaffray downgraded chemical manufacturer E I Du Pont De Nemours And Co ( DD ).

The analysts downgraded DuPont to "Neutral" from "Overweight" with a price target of $51. That price target is a +15.5% upside from Friday's closing price of $44.15.

The firm also cut DuPont estimates as its Titanium dioxide (TiO2) expectations are lower.

DuPont shares were down 17 cents, or -0.39%, in premarket trading on Monday.

The Bottom Line
Shares of DuPont ( DD ) have a 3.90% dividend yield, based on Friday's closing stock price of $44.15. The stock has technical support in the $41-$42 price area. If the shares can firm up, we see overhead resistance around the $47-$48 price levels.

E I Du Pont De Nemours And Co ( 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 Nasdaq, Inc.

Created by Dividend.com

This article appears in: Investing , Stocks

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