Market Overview

UPDATE: Citigroup Reiterates Neutral Rating, Lowers PT on DuPont

Related DD
Markets Rally On Fed Minutes, Alcoa Kicks Off Earnings Season With Strong Beat
Benzinga's Volume Movers
Making Money With Charles Payne: 10/14/14 (Fox Business)

In a report published Wednesday, Citigroup reiterated its Neutral rating on DuPont (NYSE: DD), but lowered its price target from $49.00 to $47.00.

Citigroup noted, “We rate the shares of DuPont Neutral. While DD has a broad geographic footprint and is performing well in its Ag businesses, supply and demand fundamentals have become less robust in TiO2, and pricing has turned lower amid global destocking. Additionally, higher titanium ore costs are contributing to TiO2 margin pressure. Moreover, ongoing weakness in electronics, particularly PV, adds to our cautious stance.”

DuPont closed on Tuesday at $43.69.

Latest Ratings for DD

DateFirmActionFromTo
Oct 2014RBC CapitalInitiates Coverage onSector Perform
Sep 2014BGC PartnersUpgradesHoldBuy
Sep 2014JP MorganUpgradesNeutralOverweight

View More Analyst Ratings for DD
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (DD)

Around the Web, We're Loving...

Get Benzinga's Newsletters