Dow Inc. price target lowered to $30 from $35 at RBC Capital

RBC Capital analyst Arun Viswanathan lowered the firm’s price target on Dow Inc. (DOW) to $30 from $35 and keeps a Sector Perform rating on the shares after its Q1 results. The company’s actions to secure cash is positive near-term, although its weaker Q2 outlook incorporates little price improvement, and the firm no longer expects a significant step-up in the second half of this year, the analyst tells investors in a research note. RBC adds that Dow’s dividend appears safe following several cash actions however.