UBS Maintains a 'Buy' on Dow Chemical (DOW); Bumping EPS Estimates and Target

UBS maintains a 'Buy' on Dow Chemical (NYSE: DOW), PT increased from $45 to $46.50.

UBS analyst says, "We raised our 2011 EPS estimate (from $2.81 to $3.00) to reflect the fact that the company has reported an adjusted EPS for 1Q11 that was $0.17 higher than our prior estimate. This, plus some fine tuning to interest expense (lower) and tax rates (higher) resulted in another $0.02 increase for the year. Minor EPS increases were made to 2012 and beyond." (FY12 from $3.36 to $3.40)

For more ratings news on Dow Chemical click here and for the rating history of Dow Chemical click here.

Shares of Dow Chemical closed at $40.71 yesterday.

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