Dow Chemical Downgraded – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/15209/Dow+Chemical+Downgraded+-+Zacks+Tale+of+the+TapePosted on Monday, October 13th, 2008 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Analysts downgraded Dow Chemical Co. (DOW) on Monday and trimmed the chemical bellwether’s EPS estimates on possibilities of near-term weakness. The stock gained 4.18% in the morning.
According to analysts, the consensus earnings estimates for the third quarter — 64 cents per share — and the outlook for 2009 look too high. There are also concerns over the Rohm and Haas (ROH) acquisition. The shares of ROH are up over 11% since morning.
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