Dow

Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance leadership to achieve profitable growth and help deliver a sustainable future. The Company’s ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow’s portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates manufacturing sites in 31 countries and employs approximately 37,800 people. Dow delivered sales of approximately $57 billion in 2022. References to Dow or the Company mean Dow Inc. and its subsidiaries.

CFRA Reiterates Hold Opinion On Shares Of Dow Inc.

/ / Basic Materials /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month price target by $1 to $53 on a forward P/E of 14.7x our 2024 EPS estimate, in line with the five-year average. We lower our 2023 EPS estimate by $0.32 to $2.28, 2024’s by $0.48 to $3.64 and set 2025’s at $4.59. Q3 sales declined 24% Y/Y on lower volumes (-6%), mainly due to lower merchant hydrocarbons and energy sales, as well as local price declines (-18%) due to lower feedstock and energy costs. DOW posted Q3 EPS of $0.48, beating consensus by $0.04. We believe DOW will continue to face demand and price challenges throughout the rest of the year, with slower-than-expected recovery in China, weak demand in Europe, and mixed indications in the U.S. That said, we expect auto sales and […]

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