Dow Inc. upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank upgraded Dow Inc. to Buy from Hold with an unchanged price target of $60. The analyst says the worst is behind or close to being behind the company and that "the plethora of investment positives far outweigh the investment negatives at this time. Dow’s ethylene cost advantage is "very strong" and the shares offer an attractive entry point at current levels, the analyst tells investors in a research note. The firm believes the company is levered to a China recovery and that its integrated margins are bottoming.