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.
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