Citigroup (NYSE:C) Responds to DuPont's (NYSE:DD) Performance

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.