On June 24, Dow Inc. fell 5.11% in regular trading, trading at $28.815/share, with turnover of $3.92 billion. The decline was triggered by Citi Group significantly cutting its target price on the stock from $41 to $35, a reduction of nearly 15%, while maintaining a Buy rating.
According to FactSet data, the current analyst consensus target price for Dow Inc. stands at $42.47, making Citi's revised target notably below market consensus, reflecting a cautious stance on the company's near-term earnings outlook. Notably, Dow reported an EPS of -$0.14 in its most recent quarter, indicating clear earnings pressure. The next earnings report is scheduled for July 23. The broader Commodity Chemicals sector also traded lower, with peers including Methanex down 5.45%, LyondellBasell down 3.52%, Westlake Chemical down 3.24%, and Olin down 3.17%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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