Dow Chemical (DOW) – Bull of the Day - StraightStocks

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Dow Chemical (DOW) – Bull of the Day
Nov 02, 2009 05:00 AM UTC

StraightStocks

Return	Risk
-6.13%	MID

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Symbol	Sentiment	Start	Return	Closed
DOW	n/a

Via StraightStocks:

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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