Credit Suisse Assumes DuPont (DD) at Neutral
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Rating Summary:
14 Buy, 19 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Credit Suisse assumes coverage on DuPont (NYSE: DD) with a Neutral rating and a price target of $58.00 (from $61.00). 2016 and 2017 EPS estimates go to $3.00 and $3.50, respectively.
Analyst C. Parkinson commented, "Investors' eyes will inevitably remain on the DOW merger potential (set to close in 2H), but it is clear that in the interim DD will continue to face fairly formidable macro headwinds. We believe strong management, cost cutting efforts, right sizing working capital and capex reductions are valuable levers, but given the degree of macro headwinds and further concerns about the Ag business, we remain comfortably on the side-lines at this juncture."
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 $53.46 yesterday.
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