Dow Chemical "buy"

02/27/07 - BB&T Capital Markets

NEW YORK, February 27 (newratings.com) - Analysts at BB&T Capital Markets reiterate their "buy" rating on The Dow Chemical Company (DOW). The 12-month target price is set to $50.

In a research note published yesterday, the analysts mention that a report in Sunday Express indicated that the company is likely to become a leveraged takeover target for KKR, Blackstone and the Carlyle Group within a few weeks. The analysts expect Dow Chemical to resist any such unsolicited bid. The market fundamentals for the company are expected to continue to be robust for the next couple of years, BB&T Capital Markets adds.