Jefferies Starts Dow Chemical (DOW) at Hold
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Price: $31.07 +2.34%
Rating Summary:
15 Buy, 14 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 14 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies initiates coverage on Dow Chemical (NYSE: DOW) with a Hold and $27 price target.
The analyst comments, "Dow aims to be a better shepherd of capital and assets. The strategy is coherent, but implies choices the market will debate: a tough way to expand valuation multiples. With the ethylene peak still ahead, the market is offering a cyclical trade. We risk being too cute on timing, but we think there will be a better entry point within 6 months."
For more ratings news on Dow Chemical click here and for the rating history of Dow Chemical click here.
Shares of Dow Chemical closed at $23.74 yesterday.
The analyst comments, "Dow aims to be a better shepherd of capital and assets. The strategy is coherent, but implies choices the market will debate: a tough way to expand valuation multiples. With the ethylene peak still ahead, the market is offering a cyclical trade. We risk being too cute on timing, but we think there will be a better entry point within 6 months."
For more ratings news on Dow Chemical click here and for the rating history of Dow Chemical click here.
Shares of Dow Chemical closed at $23.74 yesterday.
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