Form 8-K DOW INC. For: Jan 25

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Go back to Form 8-K DOW INC. For: Jan 25

JPMorgan Downgrades Dow Inc. (DOW) to Neutral on Valuation

January 26, 2024 7:32 AM EST

JPMorgan 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