UPDATE: Nomura/Instinet Upgrades Dow Inc. (DOW) to Buy

(Updated - April 15, 2019 3:39 AM EDT)

Nomura/Instinet analyst Aleksey Yefremov upgraded Dow Inc. (NYSE: DOW) from Neutral to Buy with a price target of $69.00 (from $62.00).

The analyst comments "Significant leverage to normalization in several key value chains (PE, MDI, silicones, and MMA). Don’t count on a big buyback in 2019, but DOW has the strongest FCF yield potential among cyclical names in our coverage in 2020 as restructuring costs decline."

For an analyst ratings summary and ratings history on Dow Inc. click here. For more ratings news on Dow Inc. click here.

Shares of Dow Inc. closed at $58.30 yesterday.

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