DuPoint: A solid dividend stock

DuPont Upgraded to “Buy” at Goldman Sachs (DD)


Chemicals maker DuPont (DD) on Friday caught a big upgrade from analysts at Goldman Sachs.

The firm boosted its rating on DD from “Neutral” to “Buy” and raised its price target from $52 to $56. That new target implies a 20% upside to the stock’s Thursday closing price of $46.53.

Goldman also raised its 2011 earnings estimates from $3.35 to $3.60 per share, and 2012 from $3.51 to $4.05 per share, citing confidence in the sustainability of its earnings recovery.

DuPont shares rose 64 cents, or +1.4%, in premarket trading Friday.

Comment: DD

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