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Dow Chemical’s Target, Estimates Cut at UBS; Still a “Buy” (DOW)

Specialty chemicals maker The Dow Chemical Company ( DOW ) on Wednesday saw its price target and earnings estimates lowered by analysts at UBS.

The firm maintained its "Buy" rating on DOW but cut its price target to $34.75. That new target suggests a still-high 29% upside to the stock's Tuesday closing price of $26.96.

UBS also lowered its earnings estimates for the company, citing weaker-than-expected demand for its products.

Dow Chemical shares were unchanged in premarket trading Wednesday.

The Bottom Line

Shares of Dow Chemical ( DOW ) have a 3.71% dividend yield, based on last night's closing stock price of $26.96. The stock has technical support in the $23-$25 price area. If the shares can firm up, we see overhead resistance around the $30 price level.

The Dow Chemical Company ( DOW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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