Dow Inc. price target lowered to $57 from $62 at RBC Capital

RBC Capital lowered the firm’s price target on Dow Inc. to $57 from $62 and keeps a Sector Perform rating on the shares after its Q2 earnings miss. The firm is cutting its FY24/FY25 revenue view to $5.96B/$6.81B from $6.24B/$7.15B on a slower volume growth outlook, the analyst tells investors in a research note, adding that the firm’s view of a second-half recovery story “now holds less weight”.