Evercore analyst Stephen Richardson maintains $Dow Inc (DOW.US)$ with a hold rating, and maintains the target price at $62.
According to TipRanks data, the analyst has a success rate of 58.6% and a total average return of 9.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Dow Inc (DOW.US)$'s main analysts recently are as follows:
Dow Inc.'s third-quarter results modestly surpassed expectations, with the stronger performance in the Packaging and Specialty Plastics segment as well as the Performance Materials & Coatings segment making up for the observed weakness in the Industrial Intermediates & Infrastructure. The guidance for the fourth quarter was somewhat below expectations but is considered to be 'reasonable'.
The firm remains optimistic about the relatively stable fundamental environment for polyethylene and acknowledges a trajectory towards Dow's forecasted $1B in additional EBITDA by 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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