Jefferies Downgrades DuPont (DD) to Hold

Jefferies downgraded DuPont (NYSE: DD) from Buy to Hold with a price target of $75.00.

Analyst Laurence Alexander commented, "Two decades of renovation, restructuring & reinvention have culminated in DuPont merging with Dow Chemical (DOW, Hold) in a "starburst" transaction that will create three separate companies. Much of the potential value now appears discounted, with end-market risk and integration risk likely capping the shares through late 2016. With a better entry point likely in mid-2016, we downgrade to Hold from Buy."

For an analyst ratings summary and ratings history on DuPont click here. For more ratings news on DuPont click here.

Shares of DuPont closed at $70.44 yesterday.

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