Shares of DuPont are richly valued

Updated

I'm placing a Hold on shares E.I. du Pont De Nemours (DD), also known as DuPont, first recommended on April 22, 2009 at a price of $27.48. If you bought DD in April, you're up about 20 percent.

Look for DD's coatings and color technologies business to begin to recover in 2010, on the U.S./global recoveries. However, DD's pharmaceuticals unit will face a tougher 2010, due to patent expirations. The First Call FY2009/FY2010 EPS estimates for DD are $2.01 to $2.22.

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