The Dow Chemical Company Rating Increased to Overweight at Morgan Stanley (DOW)
The Dow Chemical Company (NYSE: DOW) was upgraded by investment analysts at Morgan Stanley (NYSE: MS) from an “equal weight” rating to an “overweight” rating in a note issued to investors on Wednesday. The firm currently has a $38.00 target price on the stock.
The Dow Chemical Company traded up 1.12% on Wednesday, hitting $32.49. The Dow Chemical Company has a 1-year low of $20.61 and a 1-year high of $39.35. The company has a market cap of $38.838 billion and a price-to-earnings ratio of 17.28.
The Dow Chemical Company last released its earnings data on Thursday, April 26th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.01. The company’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that The Dow Chemical Company will post $0.72 EPS next quarter.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of The Dow Chemical Company in a research note to investors on Tuesday, May 1st. They now have a $36.00 price target on the stock. Separately, analysts at Gilford Securities downgraded shares of The Dow Chemical Company from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, February 22nd.
The Dow Chemical Company (Dow) is a diversified manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services worldwide.