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UBS Reiterates Buy Rating on The Dow Chemical Company on Conservative Outlook

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In a report published Friday, UBS Investment Research analyst John Roberts reiterated a Buy rating on The Dow Chemical Company (NYSE: DOW).

In the report, UBS Investment Research noted, “We estimate DOW's sales are ~80% petroleum-based, split between oil- & gas-based raws. Gas-based chemical producers could enjoy near-peak cash flow for a while; oil-based ones should recover the most as demand improves. We believe KRA could transition from being viewed as a basic to a specialty chemical firm...We (and we believe, consensus) may have conservative outlooks for DOW and KRA, as both faced major headwinds recently (both have 2/3 of sales ex-N. Am.). Comps in Europe & Asia should become increasingly easy. For KRA, normal weather next year should provide easy comps for paving & roofing (30% of sales).”

The Dow Chemical Company closed on Wednesday at $32.50.

Latest Ratings for DOW

DateFirmActionFromTo
Mar 2017JefferiesUpgradesHoldBuy
Oct 2016UBSUpgradesNeutralBuy
Oct 2016CitigroupUpgradesNeutralBuy

View More Analyst Ratings for DOW
View the Latest Analyst Ratings

Posted-In: John Roberts UBS Investment ResearchAnalyst Color Reiteration Analyst Ratings

 

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