Barclays Maintains an 'Equalweight' on DuPont (DD); Strong Pioneer Seed Yields Bode Well for 2012
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Price: $138.33 -0.09%
Rating Summary:
19 Buy, 15 Hold, 1 Sell
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Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
19 Buy, 15 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Equalweight' on DuPont (NYSE: DD) price target of $52.00.
Barclays analyst says, "We believe DuPont is well positioned for the following reasons: 1) Commodity tailwinds (mainly TiO2) should provide upside to numbers over the next several quarters; 2) The improvement of Pioneer's competitive position should drive earnings growth; 3) The acquisition of Genencor gives DuPont greater leverage to the compelling biomass/biofuels/biochemicals space, 4) A decade of asset transformation leaves DuPont with a portfolio of competitive businesses; 5) success at reducing costs and driving productivity has improved meaningfully."
"One caveat: there is significant yield volatility both inter and intra brands due to weather so farmers will discount 2011 results when deciding 2012 seed."
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 $46.07 yesterday.
Barclays analyst says, "We believe DuPont is well positioned for the following reasons: 1) Commodity tailwinds (mainly TiO2) should provide upside to numbers over the next several quarters; 2) The improvement of Pioneer's competitive position should drive earnings growth; 3) The acquisition of Genencor gives DuPont greater leverage to the compelling biomass/biofuels/biochemicals space, 4) A decade of asset transformation leaves DuPont with a portfolio of competitive businesses; 5) success at reducing costs and driving productivity has improved meaningfully."
"One caveat: there is significant yield volatility both inter and intra brands due to weather so farmers will discount 2011 results when deciding 2012 seed."
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 $46.07 yesterday.
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