UBS Cuts Estimates for DuPont amid Coatings Segment Sale (DD)

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Chemicals maker DuPont & Co. ( DD ) on Friday received some tepid commentary from analysts at UBS.

The firm lowered its earnings estimates for DD through 2012, noting the company's coatings segment earnings are now treated as discontinued operations. This development comes amid DD's sale of its auto and industrial coatings business to Carlyle Group.

UBS maintained its "Neutral" rating and $55 price target on DuPont, which suggests an 8% upside to the stock's Thursday closing price of $50.84.

DuPont shares were mostly flat in premarket trading Friday.

The Bottom Line
Shares of DuPont ( DD ) have a 3.38% dividend yield, based on last night's closing stock price of $50.84. The stock has technical support in the $46-$48 price area. If the shares can firm up, we see overhead resistance around the $53-$54 price levels.

DuPont & Co. ( DD ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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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