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-0.000835554476751556 -0.000212389545766532 0.00453253294371899 0.0056878387146464 0.0129347567322817 0.0186529368106092 0.0239043266784609 0.0311395749408342
Stock impact report

Dow Gets Another Downgrade From B of A Merrill Lynch, This Time to Underperform [TheStreet.com]

Dow Inc. (DOW) 
Last dow inc. earnings: 4/30 06:00 am Check Earnings Report
Company Research Source: TheStreet.com
Dow Gets Another Downgrade From B of A Merrill Lynch, This Time to Underperform Shares of Dow Inc. ( DOW The firm's analysts expect a downshift in global demand and an increasingly uncertain outlook to hurt earnings. The Midland, Mich., company's shares fell 1.9% to $43.23 in trading on Friday after B of A Merrill Lynch cut its rating to underperform from neutral. The analysts cited near-term "sluggish demand" for the company's chemical-based offerings, in particular polyethylene, which is used to make plastic grocery bags and many other products. "We do continue to hold a favorable relative view on the long-term supply for caustic soda over polyethylene, but see these commodities driven in the near-term by sluggish demand," the firm said in a note to clients. The note included estimates cuts and lowered valuation multiples for all the bank's commodity-exposed research coverage -- which includes Dow as well as LyondellBasell ( LYB Get Report OLN WLK B of A Merrill Lynch issued a simil Show less Read more
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