Gilford Securities Maintains Dow Chemical Hold

Gilford Securities maintained its Dow Chemical DOW Hold rating in a research report published today. In the report, Gilford Securities states, "The positives are fairly well known, and we will not dwell on them. Specifically, the global ethylene balance, which was improved vs. earlier expectations by two factors. One, global demand during 2009-10 that beat assumptions by 3 million metric tons per year; and second, new capacity coming on being delayed by a similar amount." Shares of Dow Chemical were trading at $34.16 at the time of posting, down 1.33% from Wednesday's market close.