Jefferies Trims Estimates, Ups Price Target on DuPont (DD)
Get Alerts DD Hot Sheet
Price: $73.80 --0%
Rating Summary:
14 Buy, 19 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 13
Rating Summary:
14 Buy, 19 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 13
Join SI Premium – FREE
Jefferies trimmed estimates on DuPont (NYSE: DD) but bumped its price target from $52 to $56. The firm maintained a Hold rating.
Analyst Laurence Alexander notes, "Following DuPont's Q2 preannouncement, we are lowering 2013E EPS $0.10 to $3.80, 2014E $0.05 to $4.35 and 2015E $0.05 to $4.75. To better reflect the recent expansion in market multiples, we are raising our 12-month price target $4 to $56, 7.5x 2014E EBITDA. With only modest upside, however, we retain our Hold rating."
For an analyst ratings summary and ratings history on DuPont click here. For more ratings news on DuPont click here.
Shares of DuPont closed at $53.88 yesterday.
Analyst Laurence Alexander notes, "Following DuPont's Q2 preannouncement, we are lowering 2013E EPS $0.10 to $3.80, 2014E $0.05 to $4.35 and 2015E $0.05 to $4.75. To better reflect the recent expansion in market multiples, we are raising our 12-month price target $4 to $56, 7.5x 2014E EBITDA. With only modest upside, however, we retain our Hold rating."
For an analyst ratings summary and ratings history on DuPont click here. For more ratings news on DuPont click here.
Shares of DuPont closed at $53.88 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- SAP (SAP:GR) (SAP) PT Raised to EUR200 at HSBC
- NetEase.com (NTES) PT Lowered to $126 at HSBC
- Ocado (OCDO:LN) (OCDGF) PT Lowered to GBP2.85 at HSBC
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!