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DuPont, Air Products downgraded at Citi; Celanese, Eastman upped to Buy

2016-01-05 18:46:55| Chemicals - Topix.net

DuPont is downgraded to Neutral from Buy at Citigroup following its ~30% rally into year-end since bottoming out in September as new CEO Ed Breen took over and expectations were high, but the firm says ag is weak and DuPont has several company-specific challenges . Citi also downgrades Air Products & Chemicals to Neutral from Buy, believing APD's initial restructuring and cost cuts and the materials technologies spinoff are all factored in.

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