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