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DuPont’s Estimates Cut at Credit Suisse; Slower Growth Coming (DD)

Chemicals, plastics, fibers, and coatings maker E.I. du Pont de Nemours & Company ( DD ), commonly known as DuPont, caught some negative commentary on Monday from analysts at Credit Suisse.

The firm said it lowered its estimates for DD through 2013, noting the company is facing slower macroeconomic growth. Credit Suisse maintained its "Neutral" rating and $58 price target on DD, which still suggests a massive 29% upside to the stock's Friday closing price of $45.04.

DuPont shares fell 84 cents, or -1.9%, in premarket trading Monday.

The Bottom Line

Shares of DuPont ( DD ) have a 3.64% dividend yield, based on Friday's closing stock price of $45.04. The stock has technical support in the $39-$44 price area. If the shares can firm up, we see overhead resistance around the $48-$50 price levels.

E.I. du Pont de Nemours & Company ( 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.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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