Thursday, March 03, 2011 10:36:33 AM
In a note to clients, Morgan Stanley writes, "Rising petrochemical inflation a net positive Dow; raising our price target to $48. The company's cost-advantaged position in its US petrochemicals business stands to benefit from high feedstock inflation in Europe and Asia. We also expect margins to be better in Europe following aggressive petrochemical inflation. Consensus 2011 and 2012 EPS forecasts appear 20-25% too conservative. On our forecasts, Dow will achieve the elusive $4 / share in EPS in 2012, however the business mix may be somewhat different to that given during analyst presentations. On our estimates Basic Plastics (Petrochemicals) will account for 38% of Group EBITDA in 2011.
Source:
http://www.benzinga.com/analyst-ratings/analyst-color/11/03/900436/morgan-stanley-raises-pt-on-the-dow-chemical-company-to-4#ixzz1FYEsWRCs
Recent DOW News
- Dow announces results from 2024 Annual Stockholder Meeting • PR Newswire (US) • 04/11/2024 08:15:00 PM
- ALTIVIA Appoints Scott Barnum as Director of Manufacturing and Dean Hale as Corporate Engineering Manager • PR Newswire (US) • 04/08/2024 04:44:00 PM
- Great Place To Work® and Fortune recognize Dow for 4th consecutive year among 100 Best Companies to Work For® • PR Newswire (US) • 04/04/2024 02:00:00 PM
- Mauro Gregorio to retire from Dow; Brendy Lange named president of Dow Performance Materials & Coatings • PR Newswire (US) • 04/02/2024 01:00:00 PM
- Dow announces intent to invest in new world-scale carbonate solvents facility in the U.S. • PR Newswire (US) • 03/25/2024 04:00:00 PM
- Dow to participate in the 2024 JP Morgan Industrials Conference • PR Newswire (US) • 03/11/2024 01:00:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 03/05/2024 10:03:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 12:12:45 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 12:11:43 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 12:11:26 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 12:11:08 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 12:10:45 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 12:10:29 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 09:15:56 PM
- Dow to host 2024 Investor Day • PR Newswire (US) • 02/20/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:47:22 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/16/2024 05:53:41 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/16/2024 04:44:13 PM
- Dow declares quarterly dividend of 70 cents per share • PR Newswire (US) • 02/15/2024 09:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 10:09:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 10:09:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 10:07:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 10:07:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 10:05:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 10:05:37 PM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM
Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024 • KGKG • Apr 22, 2024 8:30 AM