Jefferies Downgrades DuPont (DD) to Hold

Article Stock Quotes (1) Comments (0)

Jefferies downgraded DuPont (NYSE: DD) from Buy to Hold with a price target of $55.00 (from $62.00).

The firm comments, "To better reflect a weaker EU demand outlook and incremental deterioration in TiO2 dynamics (price increases stalling earlier than expected), we are lowering 2012E $0.10 to $4.25 and 2013E $0.20 to $4.60. Multiple expansion appears less likely as capital will likely flow to other recovery plays."

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 $50.57 yesterday, with a 52 week range of $37.10-$57.50.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• BGC Partners Downgrades DuPont (DD) to Sell
• Compuware (CPWR) Estimates Trimmed, PT Raised at Jefferies
• Under Armour (UA) Estimates, Price Targer Raised at Sterne Agee

Create E-mail Alert Related Categories

Analyst EPS Change, Analyst PT Change, Downgrades

Related Entities

Jefferies & Co, Raising Prices

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?