Trian Statement on DuPont Stockholder Vote
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May 14, 2015 10:20 AM EDT
Deutsche Bank reiterated a Buy rating on DuPont (NYSE: DD) with a price target of $83. Shares weakened yesterday after DuPont announced that preliminary results indicate that DuPont shareholders have elected all 12 DuPont director nominees. Trian's nominees were not elected. Analyst David Begleiter called weakness a buying opportunity and listed 5 reasons he believes share are poised... More
May 14, 2015 7:40 AM EDT
BofA/Merrill Lynch upgraded DuPont (NYSE: DD) from Underperform to Neutral with a price target of $76.00.
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 $69.33 yesterday.
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May 13, 2015 8:52 AM EDT
Trian Fund Management, L.P., one of the largest stockholders of E. I. du Pont de Nemours and Company (NYSE: DD), which beneficially owns approximately 24.6 million DuPont shares, said it appears that the Trian nominees were not elected to the DuPont Board at todays Annual Meeting of Stockholders. Trian issued the following statement:
"Trians involvement in DuPont over the past two years has created... More
