Citi Revises DOW Outlook amid Emerging Demand Destruction Concerns

On May 27, Citi expert Patrick Cunningham lowered the terms proposal connected Dow Inc. (NYSE:DOW) to $41 from $48. He reiterated a Buy standing connected the stock. The steadfast reduced its people owed to normalizing chemic prices and signs that request demolition is opening to emerge.

Earlier, connected May 13, Argus upgraded DOW to Buy from Hold. The steadfast noted that the banal had faced unit successful caller quarters due to the fact that of oversupply successful the market. With the caller closure of the Strait of Hormuz, though, Argus sees an accidental for proviso pressures to summation arsenic proviso concatenation disruptions impact the market. The expert besides said the steadfast remains assured successful management’s quality to present outgo savings done adjacent year.

Dow Inc. (NYSE:DOW) operates arsenic the holding institution for The Dow Chemical Company and its subsidiaries. The institution runs six planetary businesses and reports its operations done segments that see Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings.

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