RBC Capital lowered the firm’s price target on Dow Inc. (DOW) to $38 from $41 and keeps a Sector Perform rating on the shares. The company posted a slight Q4 EBITDA beat, although its Q1 guide was well below Street expectations, the analyst tells investors in a research note. Given the expected $200M of headwinds in Q1 and near-term volume/margin weakness, RBC is cutting its price target the firm added.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOW:
- Dow Inc. price target lowered to $50 from $55 at Wells Fargo
- Dow Inc. price target lowered to $44 from $48 at Barclays
- Dow Inc. Reports Q4 2024 Earnings Amid Market Challenges
- Dow Inc. announces actions to deliver $1B in cost savings, workforce reductions
- Dow Inc. reports Q4 operating EPS 0c, consensus 24c