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Dow Chemical Downgraded
Analysts downgraded Dow Chemical Co. (DOW - Analyst Report) 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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| Market Summary | Nov 21, 2009 15:45 pm ET |
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