Citi Lowers Price Target for Dow Inc. Amid Concerns Over Demand Destruction
On May 27, Citi analyst Patrick Cunningham lowered the price target on Dow Inc. (NYSE:DOW) to $41 from $48 while maintaining a 'Buy' rating due to normalizing chemical prices and emerging demand destruction concerns. Earlier in May, Argus upgraded DOW to Buy from Hold amid potential supply chain disruptions.
Tickers: $DOW
Topics: chemical industry Citi demand destruction dividend stocks Dow Inc.