Deutsche Bank Maintains Buy Rating on DuPont

According to Deutsche Bank, DuPont

Buy rating is maintained. Deutsche Bank said that DuPont had a solid investor meeting with the midpoint of '12 guidance up 10% and slightly above consensus and long-term (~5 yrs) sales (+7%) and EPS (+12%) growth targets in-line with prior '15 targets. “Our $55 target is based on 13x '12E EPS, slightly above differentiated chemical peers. Risks include lower corn seed pricing, lower TiO2 pricing.” DuPont closed yesterday at $43.22.