Jefferies Downgrades DuPont (DD) to Hold
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Rating Summary:
14 Buy, 19 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 13
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Jefferies downgraded DuPont (NYSE: DD) from Buy to Hold with a price target of $75.00.
Analyst Laurence Alexander commented, "Two decades of renovation, restructuring & reinvention have culminated in DuPont merging with Dow Chemical (DOW, Hold) in a "starburst" transaction that will create three separate companies. Much of the potential value now appears discounted, with end-market risk and integration risk likely capping the shares through late 2016. With a better entry point likely in mid-2016, we downgrade to Hold from Buy."
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 $70.44 yesterday.
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