DuPont

Bank of America has published a report on DuPont (NYSE: DD) after 2Q results. In the report, Bank of America wrote, "(1) sales increased 19% y-y to $10.3bn, exceeding our forecast of +11% with ~3% of the variance attributable to Danisco, which we had built into our financial model as of July 1; (2...

The earnings crunch continues this week even as the month of July winds to a close. Quarterly reports of note scheduled for the week include those from Netflix (NASDAQ: NFLX), United Parcel Service (NYSE: UPS), Exxon Mobil (NYSE: XOM), Starbucks (NASDAQ: SBUX), Merck (NYSE: MRK) and Dow Chemical (...

(TheStreet) -- Pierre Bonneau gets a lot of phone calls like this one. An elderly woman who had come across a pile of forgotten stock certificates while sorting through her files. The certificates were from 1959 and bore the name General Telephone. Bonneau's business, founded by his parents in...

Deutsche Bank is out with its report today on DuPont (NYSE: DD), reinstating DD at Buy. In a note to clients, Deutsche Bank writes, "Following a 5 month restriction (DB was an advisor to Danisco on its recently completed acquisition by DuPont), we are reinstating coverage of DuPont with a Buy...

Deutsche Bank has reinstated coverage on DuPont (NYSE: DD) with a Buy rating and has raised the price target from $55 to $58.

J.P. Morgan is out with its report today on DuPont (NYSE: DD), resuming coverage at Overweight. In a note to clients, J.P. Morgan writes, "We were restricted on DuPont due to J.P. Morgan's involvement in the transaction announced on January 9, 2011. Now that the transaction is complete, we are...

JP Morgan has resumed coverage on DuPont (NYSE: DD) with an Overweight rating and $60 price target.

Over the next three years, DuPont (NYSE: DD) plans to liberate 150,000 tpy capacity at five existing sites through debottlenecking activities (using DuPont Production Systems technology), Jefferies reports. “In addition, the company will spend $500m to complete a 200,000 tpy expansion at its...

Jefferies and Company maintained its Buy rating on shares of Dupont (DD). Jefferies states, DuPont has raised its offer for Danish industrial biotech and enzyme company Danisco 5% to DKK700 ($6.64bn at current exchange rates), or roughly 10.9x FY11E EBITDA and 10.2x FY12E. We estimate the new...

Jefferies & Company has raised the price target on DuPont (NYSE: DD) from $59 to $64 and maintains its Buy rating.

J.P. Morgan has reported a prediction for a positive year for DuPont (NYSE: DD). According to the report, “DuPont should fare well in its first quarter and in 2011. Its agricultural businesses appear in a good position: US corn inventory ratios are at record lows of 5%. Volume growth should be...

Citigroup has raised the price target on DuPont (NYSE: DD) from $62 to $65 and maintains its Buy rating.

DuPont (NYSE: DD) raised its outlook for 2011 EPS to $3.45-3.75 from $3.30-3.60 (vs. $3.50 consensus), excluding the $0.30-0.45 headwind from the proposed Danisco acquisition, Jefferies reports. “The new outlook reflects a $0.11-$0.12 benefit from lower pension expense, $0.09 from a lower tax rate...

To strengthen its industrial biotech and food platforms, DuPont (NYSE: DD) will purchase Danisco for $6.3bn (including $500m of debt), a 25% premium to yesterday's close, Jefferies reports. “The deal represents a $0.30-$0.45 headwind in 2011 and to be modestly accretive in 2012,” Jefferies writes...

Goldman Sachs is initiating coverage of DuPont Fabros Technology, Inc. (NYSE: DFT) with a Neutral rating and a $23 PT. DuPont closed Tuesday at $21.49.