Dow Inc. upgraded to Overweight from Neutral at JPMorgan

JPMorgan analyst Jeffrey Zekauskas upgraded Dow Inc. to Overweight from Neutral with an unchanged price target of $55. The recent downward movement in equity values has given investors an opportunity to purchase Dow shares at a reasonable valuation, the analyst tells investors in a research note. The company offers a 5.6% dividend yield, a strong balance sheet, a cyclically low earnings profile, and potential positive responsiveness to higher oil price values, says the firm. It cites valuation for the upgrade.