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DuPont Relying on Ag Business

Zacks Market Commentaries (August 27th, 2008) Writes:

Non-G7 markets, agricultural chemicals and a focus on key customers and new products will drive growth for DuPont Co. (DD). Strong performance in the agricultural products market, emerging markets, pricing actions, favorable currency and productivity is likely to outweigh increasing costs as well as weak auto and housing markets. The company is focusing on nearly doubling its earnings growth rate.

However, slowing demand in U.S. markets is likely to offset growth in the agriculture market. DD expects second half 2008 earnings per share to be lower than the last year due to higher energy and ingredient costs, lower demand in developed markets, lower income from asset sales and a higher effective tax rate. This compels us to rate the stock a Hold with a target of $41.50.

Due to an exceptionally strong North American agriculture market, Pioneer Hi-Bred, DuPont’s advanced plant genetics business is poised for large revenue gains. DuPont expects

...

DuPont Relying on Ag Business

Zacks Market Commentaries (August 27th, 2008) Writes:

Non-G7 markets, agricultural chemicals and a focus on key customers and new products will drive growth for DuPont Co. (DD). Strong performance in the agricultural products market, emerging markets, pricing actions, favorable currency and productivity is likely to outweigh increasing costs as well as weak auto and housing markets. The company is focusing on nearly doubling its earnings growth rate.

However, slowing demand in U.S. markets is likely to offset growth in the agriculture market. DD expects second half 2008 earnings per share to be lower than the last year due to higher energy and ingredient costs, lower demand in developed markets, lower income from asset sales and a higher effective tax rate. This compels us to rate the stock a Hold with a target of $41.50.

Due to an exceptionally strong North American agriculture market, Pioneer Hi-Bred, DuPont’s advanced plant genetics business is poised for large revenue gains. DuPont expects

...

Agricultural Chemicals Return to Highs

Steve Patterson (June 12th, 2008) Writes:
After a month long sell-off that saw Mosaic Company (MOS), Potash Corporation of Saskatchewan (POT), and Monsanto Company (MON) dip from 4-15%, the agricultural chemical companies have rebounded to new highs within the last two weeks. Monsanto is still close to a new high with Mosaic and Potash striking new highs on Wednesday. Corn continues to rally which makes the fertilizers and the seeds required for crop production that much more demanded. Corn is at $7, a new high and the use of crops for fuel is making agriculture follow crude oil in a very strong rally. I like Potash the best of ...

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