Dow Inc. price target raised to $60 from $48 at Deutsche Bank

Deutsche Bank analyst David Begleiter raised the firm’s price target on Dow Inc. to $60 from $48 and keeps a Hold rating on the shares. Q4 EBITDA missed by 13% and Q1 EBITDA guidance was 23% below consensus as the company said the challenging conditions of Q4 were continuing into January, the firm noted. However, Q4/Q1 "should mark the bottom," the firm contends.