On Monday analysts at Piper Jaffray downgraded chemical
manufacturer E I Du Pont De Nemours And Co (
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 (
) 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 (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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