Join        Login             Stock Quote

Dow Chemical (DOW) PT Lifted To $35 By Deutsche Bank, 'Hold' Maintained

 April 27, 2012 04:07 PM

Deutsche Bank (DB) increased its price target on shares of Dow Chemical Co. (NYSE:DOW) to $35 from $34, while maintaining its "Hold" rating.

Dow shares fell 3% post its Q1 release, in the brokerage's view, due to muted leverage to low cost ethane. The firm expects modestly stronger results in Q2 reflecting continued demand improvement and lagged benefits from low cost ethane.

However, with Q2 upside limited by seasonally lower Ag demand and $100 million in higher plant maintenance costs, DB is lowering Q2 EPS by $0.05 to $0.65.

With investor sentiment favoring cyclical commodity exposure (versus Dow's more stable EPS growth) and valuation a fair 13.1 times 2012 EPS, the brokerage maintained its rating.

Dow Chemical is a diversified manufacturer and supplier of chemical products used primarily as raw materials in the manufacture of customer products and services worldwide.

DOW is trading down 0.34% at $34.73 on Friday.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

article imageIs The Slump In US Manufacturing Easing?

Yesterday’s November survey data from the Philadelphia Fed hints at the possibility that a stronger trend read on...

article imageMarket Potentially Facing Near Term Technical Headwinds

After the S&P 500 Index pullback on Thursday and Friday last week, the market's advance on Monday and read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.