UPDATE: J.P. Morgan Raises E I Du Pont De Nemours PT

According to a research report published this morning, J.P. Morgan has increased E I Du Pont De Nemours'

PT from $58 to $60. J.P. Morgan commented in the report, “DuPont might have reported strong 1Q:12 adjusted EPS than it actually reported. For all of DuPont's progress on productivity initiatives targeting a reduction in fixed costs, 1Q:12 SGA expenses grew at a faster 13.8% rate versus its sales growth of 11.9%.” J.P. Morgan maintains its Overweight rating on E I Du Pont De Nemours, which is currently trading at $52.64.