Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Dow Chemical Company

Share:
Related DOW
Dow AgroSciences and ICS-CAAS Partner to Accelerate Rice Research and Product Development in China
Dan Loeb Is Still Bullish On Amgen, Allergan and Dow Chemical
Stock Market News for August 28, 2015 (Zacks)

In a report published Friday, Jefferies & Company reiterated its Hold rating on Dow Chemical Company (NYSE: DOW), and raised its price target from $29.00 to $34.00.

Jefferies noted, “With NGL prices falling faster than expected, we are raising 2013E EPS $0.15 to $2.35 based on $0.33/gal ethane and $0.95/gal propane. Falling feedstock costs should insulate Dow to some extent from weaker demand prospects in 1H13 (EU deceleration, increasing consumer risk aversion in the US, destocking in Latin America). Our price target rises $5 to $34. Maintain Hold.”

Dow Chemical Company closed on Thursday at $33.15.

Latest Ratings for DOW

DateFirmActionFromTo
Jun 2015MacquarieMaintainsOutperform
Jun 2015JefferiesMaintainsHold
Apr 2015SusquehannaMaintainsNeutral

View More Analyst Ratings for DOW
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (DOW)

Get Benzinga's Newsletters