(DOW) Dow Chemical Company – Bull of the Day

November 2nd, 2009

We have upgraded Dow Chemical Company (DOW) from Neutral to Outperform. Earnings of 24 cents in the third quarter of 2009 (significantly better than the Zacks Consensus Estimate of 9 cents, and the 5 cents reported in the previous quarter) were driven by cost reduction and asset sales.

The company achieved cost synergies of over $1 billion in the first nine months of 2009. The Rohm and Haas acquisition is a positive for Dow, which is expected to consolidate higher margin and higher growth specialty businesses and reduce volatility in earnings and cash flow going forward.

Zacks Investment Research
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More on this topic (What's this?)

Dow Chemical’s (DOW) PowerHouse Solar Shingles Debut Next Year.. A $5 Billion Product? (Green Stocks Central, 10/12/09)

DOW to ROH: Sometimes Things Just Don't Work (Prudent Speculations, 1/30/09)

Rohm and Haas Share Surge 18.1% On Dow Discussions (Navivest Stocks and Options Blog, 3/8/09)

DOW Chemical Cuts Back on Almost Everything (Investment U, 12/8/08)

Read more on Dow Chemical Company at Wikinvest

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