UBS lowered the firm’s price target on Dow Inc. (DOW) to $25 from $26 and keeps a Neutral rating on the shares. Dow’s Q2 results came in at the very low end of expectations and came amid weaker Q3 guidance and a 50% dividend cut, the analyst tells investors in a research note. The Q3 guidance is “generally fair,” but UBS would look for a stronger improvement in Dow’s markets to get more constructive.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOW:
- Dow Inc. Faces Sell Rating Amid Earnings Miss, Dividend Cut, and Challenging Market Conditions
- Dow Inc. price target lowered to $26 from $30 at RBC Capital
- Dow Inc. Hold Rating: Dividend Cuts and Market Challenges Amidst Commodity Downturn
- Dow Inc. price target lowered to $27 from $35 at Morgan Stanley
- Dow Inc. price target lowered to $24 from $28 at Citi