Dow Inc. price target raised to $27 from $24 at RBC Capital

RBC Capital raised the firm’s price target on Dow Inc. (DOW) to $27 from $24 and keeps a Sector Perform rating on the shares. The firm cites the company’s Q3 earnings beat mainly on cost reductions and higher operating rates in P&SP, adding however that these gains could be transitory as RBC remains cautious on Dow and other commodity names, the analyst tells investors in a research note.