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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOW:
- Dow Inc. reports Q1 EPS 2c, consensus (1c)
- Dow Inc. to delay construction of Path2Zero project in Fort Saskatchewan
- Dow, X-energy submit construction permit application to NRC for Texas project
- DOW Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Dow Inc Holds Annual Stockholders Meeting and Elections