Dow Inc (DOW) Gets a Buy Rating from Alembic Global


Alembic Global analyst Hassan Ahmed reiterated a Buy rating on Dow Inc (DOW) today and set a price target of $63. The company’s shares closed on Friday at $46.76, close to its 52-week low of $46.75.

Ahmed wrote:

“We are forecasting EQUATE’s 2019 EBITDA, on a 100% basis, at USD588m, down from 2018’s USD1,560m.”

According to TipRanks.com, Ahmed is ranked 0 out of 5 stars with an average return of -10.3% and a 29.1% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.

Dow Inc has an analyst consensus of Moderate Buy, with a price target consensus of $62.71.

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The company has a one-year high of $60.52 and a one-year low of $46.75. Currently, Dow Inc has an average volume of 6.18M.

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Dow, Inc. is a holding company, which engages in the development and provision of material science solutions. The company was founded on August 30, 2018 and is headquartered in Midland, MI.

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