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Chemical Finance Digest, Sept. 12-16
3:44 PM MDT | September 19, 2011 | Vincent Valk
Topping the headlines last week, Deutsche Bank cut fourth-quarter and full-year 2012 earnings estimates for 20 chemical companies by an average of 7% and 6%, respectively. The bank cited slowing economic growth resulting in weak end market demand in many sectors as the reason for the cuts. On the company level, Solutia cut its full-year 2011 earnings guidance by 8% due to a "slower than expected demand profile." More optimistically, Chemtura year-on-year improvement for this quarter, though the company is unable to provide clear guidance for the...
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