In a report released on January 26, Steve Byrne from Bank of America Securities reiterated a Hold rating on Dow Inc (DOW – Research Report), with a price target of $59.00. The company’s shares closed last Friday at $58.97.
Byrne covers the Basic Materials sector, focusing on stocks such as Eastman Chemical, Dow Inc, and Air Products and Chemicals. According to TipRanks, Byrne has an average return of 1.1% and a 45.45% success rate on recommended stocks.
In addition to Bank of America Securities, Dow Inc also received a Hold from Citigroup’s PJ Juvekar in a report issued on January 27. However, on the same day, Wells Fargo maintained a Buy rating on Dow Inc (NYSE: DOW).
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DOW market cap is currently $41.5B and has a P/E ratio of 9.45.
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Incorporated in 2018, Michigan-based Dow, Inc. provides materials science solutions for consumer care, infrastructure, and packaging markets in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. It operates through three segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials and Coatings.
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