Dow Inc. price target raised to $67 from $60 at Piper Sandler

Piper Sandler raised the firm’s price target on Dow Inc. to $67 from $60 and keeps an Overweight rating on the shares following quarterly earnings and new guidance for 2024. The firm is also adding 2025 to its estimates. Piper cites the upward trend it sees for EBITDA through 2025 and strong free cash flow. Further, the firm sees earnings nearing their inflection point from trough levels as the destructive effects of a yearlong inventory correction in 2023 and a challenging price environment subside through the course of 2024.