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DWDP

DowDuPont

$58.60

-0.98 (-1.64%)

19:57
10/18/18
10/18
19:57
10/18/18
19:57

DowDuPont clarifies the charge is the result of previously reported conditions

In response to market activity following the disclosure of a goodwill impairment related to DuPont's agriculture business, DowDuPont stated that the impairment is non-cash, reflects the effect of previously reported market conditions, and has no impact on its previously announced financial guidance for the Agriculture Division of DowDuPont for FY18. The company previously announced that it expects FY18 results for its Agriculture Division to reflect flat net sales and a mid-single digits percent increase in operating EBITDA.

DWDP DowDuPont
$58.60

-0.98 (-1.64%)

09/25/18
SUSQ
09/25/18
NO CHANGE
Target $87
SUSQ
Positive
Chemical company estimates cut due to higher ethane prices at Susquehanna
Susquehanna analyst Don Carson cut his estimates on several chemical maker companies to reflect higher ethane prices. The analyst noted ethane prices have nearly doubled since June, which has increased ethylene production costs. Carson lowered his estimates and price targets on the following chemical companies; DowDuPont (DWDP), LyondellBasell (LYB), Olin Corp. (OLN), and Westlake Chemical (WLK).
09/26/18
NOMU
09/26/18
DOWNGRADE
NOMU
Neutral
DowDuPont downgraded to Neutral from Buy at Nomura Instinet
09/26/18
NOMU
09/26/18
DOWNGRADE
Target $76
NOMU
Neutral
Nomura Instinet downgrades DowDuPont to Neutral with $76 target
Nomura Instinet analyst Aleksey Yefremov downgraded DowDuPont (DWDP) to Neutral from Buy and lowered his price target for the shares to $76 from $81. The analyst lowered his estimates for the company, along with Westlake Chemical (WLK) and LyondellBasell (LYB), after marking-to-market his commodity models based on recent changes in chemical prices and margins.
09/26/18
09/26/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Cabot Oil & Gas (COG) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Devin McDermott saying U.S. natural gas should soon enter a new cycle of structural oversupply and stagnating demand. 2. Manhattan Associates (MANH) downgraded to Hold from Buy at SunTrust with analyst Terry Tillman saying while there was no change in his view of the company's fundamentals, the risk reward on the stock is much more balanced after it "outperformed significantly" since the last earnings report. 3. Lam Research (LRCX) downgraded to Neutral from Buy at UBS. 4. Paycom (PAYC) and Synchrony (SYF) were downgraded to Neutral from Buy at BofA/Merrill. 5. DowDuPont (DWDP) downgraded to Neutral from Buy at Nomura Instinet with analyst Aleksey Yefremov citing his commodity models based on recent changes in chemical prices and margins. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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