Dahlman Rose Comments On Dow Chemical, Maintains Hold (DOW)

Dahlman Rose maintained its Dow Chemical DOW Hold rating and provided color on Dow Chemical in a research report published today. In the report, Dahlman Rose states, "Dow reported 1Q11 adjusted earnings of $0.82 that beat our above consensus $0.71 estimate and consensus of $0.67 driven by volume gains and price increases that more than offset higher feedstock and energy costs. While we expected strength in the commodity business units, we were pleased to see margin expansions of 230 basis points in Coating and Infrastructure and 530 basis points in Performance Products. Based on this improved performance and industry fundamentals, we expect the company will maintain some portion of these gains over our forecast period." Shares of Dow Chemical were trading at $40.96 at the time of posting, up 0.61% from Thursday's market close.