Dow Inc. price target lowered to $32 from $38 at Barclays

Barclays analyst Michael Leithead lowered the firm’s price target on Dow Inc. (DOW) to $32 from $38 and keeps an Equal Weight rating on the shares. The message from Dow management this quarter was “one of decisive actions to free up cash and navigate the prolonged downturn,” but investors remain cautious on the “lower for longer” outlook, the analyst says in a post-earnings note.