UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on DuPont
In a report published Wednesday, Jefferies & Company reiterated its Hold rating on DuPont (NYSE: DD), but slightly lowered its price target from $49.00 to $48.00.
Jefferies noted, “While Q4 is coming in better than expected, DuPont's rough outlook for 2013E is ~$0.20 below consensus on a comparable basis. To reflect these comments and a shift in pension accounting (but not the new $1bn buyback announcement), we are setting 2013E EPS at $4.00 and 2014E at $4.55. We reiterate our Hold rating.”
DuPont closed on Tuesday at $43.69.
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