Dow Inc. price target lowered to $54 from $57 at BMO Capital

BMO Capital lowered the firm’s price target on Dow Inc. (DOW) to $54 from $57 and keeps a Market Perform rating on the shares. The company’s Q3 results modestly beat, as stronger Packaging and Specialty Plastics segment and Performance Materials & Coatings segment more than offset weakness seen in Industrial Intermediates & Infrastructure, the analyst tells investors in a research note. Dow’s Q4 guide also came slightly under expectations and “appears reasonable”, the firm added.