UPDATE: J.P. Morgan Lowers Price Target on DuPont to $56

According to J.P. Morgan, DuPont

price target is lowered to $56. J.P. Morgan said that it shaved its 2011 EPS estimate from $4.00 to $3.90 reflecting lower 4Q:11 results due to sharply falling demand in the Electronics segment (particularly photovoltaics) and inventory corrections at auto OEM suppliers affecting polymer volumes (Performance Plastics). “We trimmed our 2012 EPS estimate from $4.10 to $4.00, and we lowered our 2013 EPS forecast from $4.80 to $4.70. A flattish earnings year for 2012 is a more likely base case than a year materially lower in earnings, in our view.” TreeHouse Foods closed on Friday at $45.04.