Citi Upgrades DuPont (DD) to Buy
Get Alerts DD Hot Sheet
Rating Summary:
14 Buy, 19 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 13 | Down: 15 | New: 3
Join SI Premium – FREE
(Updated - September 22, 2015 10:33 AM EDT)
Citi upgraded DuPont (NYSE: DD) from Neutral to Buy with a price target of $63. After a 30% year-to-date decline, analysts thinks there is pressure on management to focus on the next leg of its transformation. Analyst pointed out "value creation levers," including additional cost cutting, returning more cash to shareholders, potentially splitting the company, and M&A.
Discussing a potential split, Citi said, "Splitting the Ag/Bio business from DD’s Materials businesses makes strategic sense as they are inherently different businesses. Such a move would be consistent with the portfolio simplification trend seen across many companies in chemicals. We also think there is potential for DD to combine its Ag business with Dow’s."
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 $48.24 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Upgrades Husqvarna AB (HUSQB:SS) to Buy
- Morgan Stanley Upgrades EPAM Systems (EPAM) to Equalweight
- BofA Securities Double Upgrades Sonic Auto (SAH) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Hot Upgrades, UpgradesRelated Entities
CitiSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!