Dow Chemical (DOW) Q2 Estimates Trimmed at Jefferies

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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
• Freedom Broker Upgrades Lifeway Foods (LWAY) to Buy
• Cantor Fitzgerald Reiterates Overweight Rating on Merlin Labs (MRLN)