2021-02-22 06:55:35 DOW Dow Inc.
02/22/21 02/2206:55 02/22/2106:55 | Dow Inc. upgraded to Neutral from Underperform at BofABofA analyst Steve Byrne upgraded Dow Inc. to Neutral from Underperform with a price target of $64, up from $53 as part of a broader research note into the polyethylene industry. The analyst notes that against expectations of constraints from new supply, polyethylene prices have "rallied significantly" from April lows and are "biased higher" yet again. Byrne adds that the trend of significant rate of change in demand and reduced supply due outages, which led inventory balances lower, still continues. |
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