RBC Capital lowered the firm’s price target on Dow Inc. (DOW) to $41 from $44 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q4 results for Commodity Chemicals names. The firm is citing the ongoing demand weakness and October’s PE – polyethylene – price drops, though pricing appear to be improving in Q1, the analyst tells investors in a research note. RBC adds however that while demand could improve on rate cuts, the firm now expects fewer and smaller cuts, with benefits that are not likely to occur until mid-2025 and Consumer demand remains subdued given lingering impacts from inflation.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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 $44 from $53 at Deutsche Bank
- Dow Inc. downgraded to Neutral from Overweight at Piper Sandler
- Dow Chemical put volume heavy and directionally bearish
- Dow Inc. price target lowered to $44 from $55 at RBC Capital
- Innventure, Dow to collaborate on waste-to-value platform