Evercore ISI analyst Eric Boyes upgraded Dow Inc. to Outperform from In Line with a $56 price target as a new analyst took over coverage of the stock and 10 other chemical names. Double-digit 2025 EBITDA growth on outage add backs and capacity expansions "feels (relatively) safe," with plausible upside to high teens growth on low-single digit volume growth, the analyst tells investors. The "soft" 2025 bridge provided at Q3 accelerated revisions, which are now already in the stock, while this month's non-core sale allays dividend surety concern, the analyst tells investors.
Evercore ISI upgraded Dow Inc. to Outperform from In Line.
The U.S.' bluechip stock index is mired in its longest stretch in the red since 1978, a potentially concerning signal for investors enjoying an otherwise sanguine period for stocks, though Tuesday's losses are largely tied to a singular company—UnitedHealth Group—and gains remain healthy over a longer timeframe.
The U.S.' bluechip stock index is on the cusp of suffering its longest stretch in the red since 1978, a potentially concerning signal for investors enjoying an otherwise sanguine period for stocks, though Tuesday's losses are largely tied to a singular company—UnitedHealth Group—and gains remain healthy over a longer timeframe.
Dow Jones falls nearly 300 points as Chevron drags, all major US indices slide ahead of the Fed's rate decision and strong retail sales add to investor uncertainty.
US indices were somewhat negative in the early hours of Tuesday, as the market is almost certainly waiting to see what Jerome Powell will have to say during the press conference after the interest rate decision on Wednesday.
The Dow Jones is one of Wall Street's most iconic benchmarks and it tracks 30 of America's largest companies.
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The Dow Jones Industrial Average has soared this year, much like the other two major benchmarks, on investor optimism about an improving economy ahead. Investors counted on a lower interest rate environment, and they won their bet as the Federal Reserve began cutting rates this fall.
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index moved to the “Greed” zone on Monday.
This production is set to allow Dow to offer novel polyol options to meet the performance needs of its customers.
The US indices all look as if they are ready to start going higher again, as the bullish attitude of traders will seemingly continue to be the way forward.