UBS Maintains a 'Neutral' on DuPont (DD); Cites 4Q Inventory Corrections for Negative 10% Volume Growth
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Price: $146.26 +1.50%
Rating Summary:
19 Buy, 15 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
19 Buy, 15 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on DuPont (NYSE: DD) price target raised from $44 to $47.50.
UBS analyst says, "DD reported 4Q EPS at $0.35 on an adjusted basis, roughly in-line with consensus of $0.33 and our estimate of $0.37. The full year 2011 adjusted EPS was $3.93, within the lowered guidance range of $3.87-3.95 given on 12/9/11 prior to the DuPont Investor Day. Year-over-year volumes were down 10% but were offset by 14% price increases. The company cited customer inventory adjustments especially in Electronics and Communications as a key driver for reduced volumes."
UBS raises FY12/13 EPS estimate by $0.05 each to $4.30 and $4.85, respectively.
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 $49.41 yesterday.
UBS analyst says, "DD reported 4Q EPS at $0.35 on an adjusted basis, roughly in-line with consensus of $0.33 and our estimate of $0.37. The full year 2011 adjusted EPS was $3.93, within the lowered guidance range of $3.87-3.95 given on 12/9/11 prior to the DuPont Investor Day. Year-over-year volumes were down 10% but were offset by 14% price increases. The company cited customer inventory adjustments especially in Electronics and Communications as a key driver for reduced volumes."
UBS raises FY12/13 EPS estimate by $0.05 each to $4.30 and $4.85, respectively.
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 $49.41 yesterday.
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