Dow Inc. price target raised to $47 from $40 at RBC Capital

RBC Capital analyst Arun Viswanathan raised the firm’s price target on Dow Inc. (DOW) to $47 from $40 and keeps an Outperform rating on the shares as part of a broader research note previewing Q1 results among Commodity Chemicals names. Recent conversations with investor relations teams have indicated that lower supply is driving price action across petchems, with the potential for significant price uplift in the first half of the year to drive stronger earnings than previously expected, the analyst tells investors in a research note.