S&;P Capital IQ Reiterates its BUY Rating on Dupont

October 28 00:00 2011

New York, October 28 (RainbowNewsLine.com) –  Analyst Leo Larkin of S&P Capital IQ reiterates his BUY rating on the shares of Dupont (NYSE: DD), while raising his estimates for the company. The 12-month target price is set to $60.

Analyst Leo Larkin, in a research report published yesterday mentions that company has reported its Q3 EPS ahead of the estimate and the consensus due to higher than expected sales and large gain in performance chemicals.   According to the analyst, Dupont’s EPS is rising because of its expansion in agricultural products unit and greater overseas sales. The EPS estimate for 2011 has been raised from $3.95 to $4.00.