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Goldman Sachs Restarts Coverage on DuPont as a “Neutral”; Sees 21% Upside (DD)

Specialty chemicals maker DuPont ( DD ) on Friday saw its coverage reinstated with a "Neutral" rating by analysts at Goldman Sachs.

The firm also set a $66 price target on DD shares, which suggests a solid 21% upside to the stock's Thursday closing price of $51.97.

Goldman noted the company's recent acquisition of food ingredients maker Danisco should help accelerate profitability for DD's biosciences businesses. The analyst also adjusted its 2011/2012/2013 estimates to from $3.86/$4.47/$4.81 per share to $3.75/$4.50/$5.00 per share, respectively.

DuPont shares were mostly flat in premarket trading Friday.

The Bottom Line

We have been recommending shares of Dupont ( DD ) since Apr.27, 2011, when the stock was trading at $55.06. The company has a 3.16% dividend yield, based on last night's closing stock price of $51.97.

DuPont ( DD ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.6 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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