Analyst Lowers 2012-2013 Earnings Estimates for Ten U.S. Chemical Companies

Deutsche Bank (New York) lowered chemical earnings estimates for 2012 and 2013 by 5%, citing deteriorating demand trends and slowing global growth (table). Estimates were lowered for ten companies U.S. chemical companies, including Dow Chemical, DuPont, and PPG Industries. Source: Deutsche Bank. "Chemical demand softened in Q2 due to macro headwinds in Europe and slowing growth in Asia (notably China)," says analyst David Begleiter. "Soft demand has been exacerbated by inventory destocking due to the drop in energy and feedstock prices over the...

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