NEW YORK (TheStreet) -- Shares of Dupont E I De Nemours & Co. (DD) are lower by -0.69% to $64.50 in pre-market trade this morning after it was downgraded to "neutral" from "overweight" at JPMorgan Chase (JPM), with a price target cut to $67 from $74.
The agriculture company said it's struggling with farmers' preference for soybean rather than corn, the mainstay of the business, the firm's note said.
JP Morgan reduced its earnings per share forecast for the company to $4.60 from $4.75 for 2015, and said its estimated free cash flow yield for 2014 of 5% is now closer to 2.5% because of reduced cash flow from the agricultural operations.
Separately, TheStreet Ratings team rates DU PONT (E I) DE NEMOURS as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DU PONT (E I) DE NEMOURS (DD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."