Market Overview

UPDATE: Goldman Sachs Raises PT to $41 on Dow Chemical on Operational and Strategic Upside

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)

Goldman Sachs reiterated its Buy rating on Dow Chemical (NYSE: DOW) and raised the price target from $36.00 to $41.00.

Goldman Sachs said, "In our opinion, despite a recent rally in the share price, investor perception on DOW remains anchored to several company-specific challenges in 2012 that are likely to abate in the coming year. Looking ahead, a combination of cost cuts, reduced downtime, and strategic expansions should easily deliver above-consensus EPS. In particular, a sizable recovery in its key ethylene-chain franchise should drive greater appreciation for DOW's shale-gas credentials and role as the global leader in ethylene production. Also, with a nearly 4% current yield, the stock offers an attractive income stream to reward investors as they await confirmation of a profit recovery."

Dow Chemical closed at $33.86 on Friday.

Latest Ratings for DOW

DateFirmActionFromTo
Jun 2015MacquarieMaintainsOutperform
Jun 2015JefferiesMaintainsHold
Apr 2015SusquehannaMaintainsNeutral

View More Analyst Ratings for DOW
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (DOW)

View Comments and Join the Discussion!

Get Benzinga's Newsletters