Dow Chemical (DOW) Q2 Estimates Trimmed at Jefferies
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Rating Summary:
7 Buy, 20 Hold, 1 Sell
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Up: 10 | Down: 11 | New: 6
Rating Summary:
7 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
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Jefferies trimmed Q2 estimates on Dow Chemical (NYSE: DOW) Wednesday saying results were likely lackluster on EU leaking, China sluggish, US mixed and hocked by weather. The firm expects the company to characterize Q2 as a period of slower-than-expected growth. Outages and sliding propylene prices don't help, the firm notes.
The firm lowered Q2 EPS estimates from $0.64 to $0.59, although they keep 2nd-half 2013 expectations of 10+% EBITDA growth intact on favorable ethylene margins and easy comparisons.
The firm maintained a Hold rating and price target of $34.00.
For an analyst ratings summary and ratings history on Dow Chemical click here. For more ratings news on Dow Chemical click here.
Shares of Dow Chemical closed at $32.50 yesterday.
The firm lowered Q2 EPS estimates from $0.64 to $0.59, although they keep 2nd-half 2013 expectations of 10+% EBITDA growth intact on favorable ethylene margins and easy comparisons.
The firm maintained a Hold rating and price target of $34.00.
For an analyst ratings summary and ratings history on Dow Chemical click here. For more ratings news on Dow Chemical click here.
Shares of Dow Chemical closed at $32.50 yesterday.
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