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Fly News Breaks for March 16, 2015
DD
Mar 16, 2015 | 07:38 EDT
As previously reported, BofA/Merrill downgraded DuPont two notches to Underperform from Buy. The firm downgraded shares based on relative valuation, and fundamental headwinds in agriculture and chemicals, combined with the stronger U.S. dollar. BofA/Merrill lowered its already below consensus EPS estimates to $4.00 from $4.05 for 2015 and to $4.30 from $4.35 for 2016. Price target remains $76.
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