DowDuPont Inc (DWDP) Given “Buy” Rating at Jefferies Group LLC
Jefferies Group LLC reissued their buy rating on shares of DowDuPont Inc (NASDAQ:DWDP) in a research report released on Sunday morning. Jefferies Group LLC currently has a $80.00 target price on the stock.
Several other brokerages also recently weighed in on DWDP. Deutsche Bank AG began coverage on DowDuPont in a research note on Thursday. They set a buy rating and a $80.00 target price for the company. HSBC Holdings plc began coverage on DowDuPont in a research note on Tuesday, September 26th. They set a hold rating for the company. J P Morgan Chase & Co began coverage on DowDuPont in a research note on Friday, September 15th. They set an overweight rating and a $80.00 target price for the company. Vertical Research reaffirmed a buy rating and set a $79.00 target price (up from $74.00) on shares of DowDuPont in a research note on Saturday, September 16th. Finally, Argus began coverage on DowDuPont in a research note on Tuesday, September 19th. They set a buy rating and a $81.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. DowDuPont has an average rating of Buy and a consensus price target of $79.06.
Shares of DowDuPont (DWDP) opened at 71.22 on Friday. The stock’s 50 day moving average is $67.66 and its 200 day moving average is $64.51. DowDuPont has a 52-week low of $64.01 and a 52-week high of $71.23.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amarillo National Bank acquired a new position in DowDuPont in the 3rd quarter valued at $324,000. Bonness Enterprises Inc. acquired a new position in DowDuPont in the 3rd quarter valued at $5,364,000. First National Bank of Mount Dora Trust Investment Services acquired a new position in DowDuPont in the 3rd quarter valued at $3,121,000. Indiana Trust & Investment Management CO acquired a new position in DowDuPont in the 3rd quarter valued at $1,369,000. Finally, Bridges Investment Counsel Inc. acquired a new position in DowDuPont in the 3rd quarter valued at $5,194,000.
DowDuPont Company Profile
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, and a pipeline of germplasm, traits and crop protection.
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