Chemicals maker DuPont & Co. (
) on Friday received some tepid commentary from analysts at
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 (
) 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. (
) 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
Created by Dividend.com