Jefferies Upgrades DuPont (DD) to Buy

Jefferies upgraded DuPont (NYSE: DD) from Hold to Buy with a price target of $84.00 (from $72.00).

Analyst Laurence Alexander comments, "DuPont has long promise of a secular transformation and revival, and has made some progress (Chart 1). We are trimming 2015E, but the cyclical headwinds from Ag only increase the pressure to evolve. With three different paths to >25% upside in 2015-2016, it's time to buy the dips."

The firm trimmed FY 2015 EPS from $4.70 to $4.30.

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 $67.31 yesterday.

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