Market Overview

Jefferies Lowers Estimates For DuPont

Related DD
Benzinga's Top Initiations
Industrial Conglomerate Stocks Under Pressure Amid Light Guidance From Honeywell
E. I. du Pont de Nemours declares $0.38 dividend (Seeking Alpha)

In a note dated June 26, Jefferies analyst Laurence Alexander lowered his second quarter 2014 and full-year 2014 EPS estimates on DuPont (NYSE: DD) from $1.50 and $4.35 to $1.18 and $4.05, respectively. Despite the reduction, he reiterated a Hold rating on the company's shares.

Alexander explained this reduction comes amid a weaker-than-expected agriculture season in North America, especially in corn and herbicides. Outside North America, Alexander noted, crop trends generally appear to be inline with expectations.

Due to the weak performance in these areas, DuPont suffered from higher-than-expected seed inventory write downs and lower-than-expected selling prices for refrigerants, according to Alexander.

Shares of DuPont have fallen over four percent in Friday's trading.

Latest Ratings for DD

Oct 2016NomuraInitiates Coverage OnBuy
Oct 2016CitigroupUpgradesNeutralBuy
Aug 2016Deutsche BankMaintainsSell

View More Analyst Ratings for DD
View the Latest Analyst Ratings

Posted-In: Jefferies Laurence AlexanderAnalyst Color News Price Target Reiteration Analyst Ratings


Related Articles (DD)

View Comments and Join the Discussion!