Wells Fargo analyst Michael Sison lowered the firm’s price target on Dow Inc. (DOW) to $40 from $50 and keeps an Overweight rating on the shares. The firm is reducing its 2025 earnings estimate for Dow given ongoing trough conditions and risks to the global economy. Wells remains bullish on the name, citing the already significant share price decline and attractive valuation.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOW:
- Citi cuts Dow target, opens ‘negative catalyst watch’
- Dow Inc. downgraded to Neutral from Overweight at JPMorgan
- Dow Inc. Faces Near-Term Challenges Amid Feedstock Pressures and Demand Risks, Long-Term Growth Potential Delayed
- Dow Inc. price target lowered to $38 from $44 at Barclays
- Dow Inc., X-energy submit permit application to NRC for nuclear project in Texas