Jefferies & Company Reiterates Hold Rating, $33 PT for The Dow Chemical Company

In a report published earlier today, Jefferies & Company, Inc. reiterated its Hold rating and $33.00 price target for The Dow Chemical Company

. Jefferies & Company went on to say “Absent a sharp bounce in oil prices, ethylene margins should be hard-pressed to grow YoY in 2013E. Deteriorating demand prospects suggest a more jagged path to the peak of the cycle, and risk the timing of the peak slips back.” The Dow Chemical Company closed yesterday at $32.91.