UPDATE - UBS Initiates Coverage on DuPont (DD) with a Neutral; Dividend Catches Our Eye

UPDATE - UBS initiates coverage on DuPont (NYSE: DD) with a Neutral. PT $44.50.

UBS analyst says, "DD's gross profit has been, and we believe it will continue to be, closely linked and leveraged to the global economy...DD has a strong balance sheet and financial flexibility, given its high level of discretionary
spending. Therefore, we believe stockholders can rely on DuPont to at least maintain the current dividend of $1.64 per share."

"We rely on DCF analysis to value DuPont and cross-check against traditional valuation multiples of P/E, EV/EBITDA, dividend yield and other measures. In our DCF, we use a WACC of 7.8%, which compares closely with PPG (NYSE: PPG) and Dow Chemical (NYSE: DOW)."

To see more ratings on DD, Click Here

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Needham Starts Faeth Therapeutics (FTH) at Buy
• D. Boral Capital Starts Eve Holding Inc. (EVEX) at Buy
• Keefe, Bruyette & Woods Resumes Toronto-Dominion Bank (TD:CN) (TD) at Market Perform