Dow Inc. price target lowered to $30 from $32 at Wells Fargo

Wells Fargo lowered the firm’s price target on Dow Inc. (DOW) to $30 from $32 to reflect flat PE pricing in July and August, as well as weak activity in Europe. With that said, Wells keeps an Overweight rating on the shares as Dow’s mid-cycle earnings potential remains attractive, with leverage to potential U.S. Fed rate cuts.