Dow Inc. price target raised to $57 from $52 at RBC Capital

RBC Capital raised the firm’s price target on Dow Inc. to $57 from $52 but keeps a Sell rating on the shares. The analyst cites the company’s Q1 earnings beat driven by a slow and steady volume improvement in the second half of the year. RBC adds however that while Dow Inc can approach midcycle run-rate EBITDA levels, that requires a stronger volume recovery and could take longer given sluggish macro and delayed rate cuts.