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DD Upgraded at Goldman

By Market News Video Staff, Friday, November 19, 2:04 PM ET
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Goldman Sachs (GS) upgraded DuPont (DD) today, from neutral to buy. Goldman said it was raising its rating after meetings with DuPont management, which gives it confidence in the sustainability of the companyís earnings recovery story. The firmís price target on DuPont was hiked from $52 per share to $56. ,p> DuPont shares are trading higher by about 0.7% following the upgrade.

At 10.84% of the fund, DuPont is the #2 holding in the Materials Select Sector SPDR Fund (XLB), which is also trading modestly higher today. Freeport-McMoRan (FCX) is the top stock in the fund at 11.81% of the portfolio, followed by Dow Chemical (DOW) is 9.28% of the fund and Newmont Mining (NEM) at 7.59%.


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