Citigroup Says Dow Chemical Remains Top Pick in Large-Caps (DOW)
Wednesday, March 17, 2010 - 08:14
Written on Wed, 03/17/2010 - 8:14am
By Chip Brian

3/17/2010-Citigroup maintained its Buy rating on Dow Chemical (NYSE:DOW) and its price target of $36.00 as the bank believes Dow is positioning itself for internal growth.
Analyst P.J. Juvekar commented, "We met with Dow's CEO, Andrew Liveris, in NYC yesterday.
The meetings focused on growth initiatives related to specialty businesses acquired
from Rohm & Haas as well as from Dow's existing pipeline. With a slow end-market
recovery evident, Dow is positioning itself for internal growth rather than relying
entirely on cost cutting initiatives. Dow remains one of the most attractive ways to
play the economic recovery among large-cap stocks, in our view."
For 2010, the bank expects the company to report EPS of $1.76, versus consensus estimates of $1.48.

Keywords: chemical Citigroup pick rating Target

Ticker(s): DOW

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