Dow Inc. price target lowered to $55 from $57 at RBC Capital

RBC Capital lowered the firm’s price target on Dow Inc. to $55 from $57 and keeps a Sector Perform rating on the shares. The firm cites the company’s negative Q3 revenue pre-announcement amid a significant unplanned outage at one of its ethylene crackers in Texas and margin pressure in Europe, the analyst tells investors in a research note. Higher input costs in Europe and overall weak global demand in many commodity chains could also be a slight headwind for the company’s peers, RBC added.