DOW Stock: $55 Price Target From Wolfe Research

By Amit Chowdhry ● Oct 19, 2021
  • The shares of Dow Inc. (NYSE: DOW) have received a $55 price target from Wolfe Research. These are the details.

The shares of Dow Inc. (NYSE: DOW) have received a $55 price target from Wolfe Research. And Wolfe Research analyst Josh Silverstein downgraded Dow to “Underperform” from “Peer Perform.” 

This downgrade reflects Silverstein’s cautious petrochemical view, which stems from a bullish natural gas, ethanol, and propane outlook. And with polyethylene prices flatlining and ethylene prices retrenching from early-year gains, Dow’s margins have been getting squeezed and this price environment could last for the next 6 months. 

While Dow previously used feedstock flexibility to its advantage with both ethane and propane prices high, the company’s operational flexibility has been reduced according to Silverstein.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.