Dow Inc. price target lowered to $44 from $53 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on Dow Inc. (DOW) to $44 from $53 and keeps a Buy rating on the shares. To reflect lower integrated ethylene/polyethylene margins including the full impact of October contract price declines and more adverse currency headwinds, Deutsche Bank cut its Q4 EBITDA estimate by $135M, or 10%, to $1.17B.