Citigroup (NYse:C), in general, likes the direction DuPont Co. (NYSE:DD) is taking, along with their performance, and while maintaining a "Hold" rating on them, increased their price target.
"Excluding pharma, PTOI rose 33%, while pharma income exceeded our expectations. Although Ag results were below our estimates, DD announced its North America corn share rose 3% to 35% & its share in soy rose 5% to 31%. DD reported continued electronics strength as sales rose 30% Y/Y on 24% higher volumes," said Citi.
DuPont closed Wednesday at $46.96, losing $0.26, or 0.55 percent. Citigroup has a price target of $50 on them, raising it from $44.
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