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Dow Inc. price target lowered to $25 from $26 at UBS

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.

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