UPDATE: Bank of America upgrades Dupont
January 09, 2014 at 09:40 AM EST
In a report published Thursday, Bank of America Merrill Lynch analyst Kevin McCarthy upgraded Dupont De Nemours (NYSE: DD ) to Neutral from Buy, with a $70.00 price objective. According to the report, DD trades at a 2014 P/E multiple of 14.5x, which represents an 11 percent discount to