Dow - Dupont Merger date set - August 31st

DuPont, Dow Chemical merger to close Aug. 31 with DowDuPont's stock to start trade the day after


Excerpt:

DuPont & Co. DD, and Dow Chemical Co. DOW, said Friday that their planned "merger of equals" will be completed on Aug. 31, after the stock market closes. Shares of the new entity, DowDuPont, will begin trading on the New York Stock Exchange on Sept. 1, under the ticker symbol "DWDP." The chemical companies said the intended spinoffs is still expected to occur within 18 months of the closing. DuPont's stock, currently a component of the Dow Jones Industrial Average.

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

Excerpt:

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