Jefferies Has Buy Rating On DuPont

Jefferies & Co. has a Buy rating and a $61 price target on shares of DuPont DD. In a note to clients, Jefferies & Co. writes, "To better reflect recent price increases in the TiO2 market, partly offset by margin pressure in DuPont's coatings business and a weaker outlook for photovoltaic materials, we are raising 2011E $0.10 to $3.90, up 19%, and 2012E $0.30 to $4.90, up 26%. With earnings growth hinging on TiO2, we leave our target unchanged at $64." Shares of DD lost 21 cents yesterday to close at $51.75, a loss of 0.4%.