Jefferies & Company Trims Estimates On DuPont (DD)

In a research report released by Jefferies & Co. today, the firm said that they are lowering 2010 EPS estimates for DuPont DD $0.10 to $2.55 and 2011 estimates $0.05 to $3.00 to reflect potential F/X and end-market demand headwinds as a result of European volatility. The firm has a price target of $44 on Dupont (DD) shares. They wrote, "as the economic recovery gains momentum, DuPont's early cycle leverage becomes less important, and the investment case shifts to the near-term opportunity to gain share in the seed business and to transform and revive the portfolio through M&A." During the current trading session, DuPont (DD) has fallen 1.35% to $37.14. E. I. du Pont de Nemours and Company (DuPont) offers a range of products and services for markets, including agriculture, food, building, construction, electronics, communications, general industrial and transportation.