Dow forecasts muted demand after fourth-quarter sales drop
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JPMorgan Downgrades Dow Inc. (DOW) to Neutral on Valuation
January 26, 2024 7:32 AM ESTJPMorgan analyst Jeffrey Zekauskas downgraded Dow Inc. (NYSE: DOW) from Overweight to Neutral with a price target of $55.00.
The analyst comments "Dow fired on just one of its three business cylinders in 4Q:23. Operating income in the Industrial Intermediates Segment was $15m, Performance Materials and Coatings lost ($60m) and Packaging and Specialty Plastics earned $664m. The annual numbers in 2023 were little different: Specialty Plastics delivered $2.7b in EBIT and the other two... More
