Goldman Sachs Downgrades Dow Chemical (DOW) to Neutral
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Price: $32.90 +3.62%
Rating Summary:
15 Buy, 14 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
15 Buy, 14 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Goldman Sachs downgraded Dow Chemical (NYSE: DOW) from Buy to Neutral with a price target of $32.
The firm said based on lower demand assumptions reducing ethylene operating rate, price, and margin estimates.
"Ethylene stocks' relative performance is driven by forward margin expectations, in our opinion, and we now expect relatively flat ethylene chain margins," Goldman's analyst said.
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 $29.42 yesterday.
The firm said based on lower demand assumptions reducing ethylene operating rate, price, and margin estimates.
"Ethylene stocks' relative performance is driven by forward margin expectations, in our opinion, and we now expect relatively flat ethylene chain margins," Goldman's analyst said.
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 $29.42 yesterday.
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