Piper Sandler analyst Charles Neivert lowered the firm’s price target on Dow Inc. (DOW) to $60 from $62 and keeps an Overweight rating on the shares after third quarter earnings. The firm sees continuing market malaise in Q4, which, combined with typical Q4 seasonal demand weakness, will mean earnings in Q4 that are below already depressed Q3 levels, Piper told investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DOW:
- Nvidia to replace Intel, Sherwin-Williams to replace Dow Inc. in DJIA
- Dow Inc. price target lowered to $54 from $57 at BMO Capital
- Dow Inc. price target lowered to $60 from $62 at Wells Fargo
- Options Volatility and Implied Earnings Moves Today, October 24, 2024
- Dow Inc. reports Q3 adjusted EPS 47c, consensus 46c
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
