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Deutsche Bank Cuts Chemicals Estimates

10:35 AM MDT | September 16, 2011 | Vincent Valk

Deutsche Bank analysts have cut fourth-quarter 2011 and full-year 2012 earnings estimates for 20 chemical companies due to slower economic growth, according to a report released today. Estimates for 2012 earnings were cut by an average of 6%, while fourth-quarter earnings estimates were cut by an average of 7%. "Faltering U.S. consumer sentiment, the sovereign debt crisis in Europe and inflation pressures in China are causing uncertainty over the depth and duration of the global slowdown," says Deutsche Bank analyst David Begleiter.   Deutsche cut...

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