Making Financial Headlines · Page 10
DuPont Beats and Raises, While Its Hold Rating Holds Its Ground
· New York time
DuPont posted a beat-and-raise quarter, but CNBC Investing Club is keeping its hold rating on the shares. A hold is a neutral assessment, so the recommendation shows that a favorable report does not automatically produce a more enthusiastic rating. The firm's coverage also says the stock could beat its February record closing high, a possibility rather than a guaranteed outcome. DuPont gets credit for a strong quarter, while the rating stays put. Corporate management has delivered the good news; the research desk has responded with a carefully maintained middle seat.
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