DuPont Target Raised (DD)
By Swing Trader
March 15, 2010 11:31 AM
March 15, 2010 11:31 AM
UBS raised their price target on DuPont (NYSE: DD) after an investor visit to the company.
UBS recently met with CEO Ellen Kullman and other senior management. DuPont continues to see volume momentum in its early cycle businesses and has higher operating leverage due to last year's fixed cost reductions.
The firm says raw material costs and foreign exchange headwinds will persist in 2010, but DuPont's non-agricultural segments continue to benefit from the global recovery.
UBS raised their price target on DuPont to $41 from $39. Shares of DuPont are lower today by $0.08, or 0.23%, to $35.41.
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