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Morgan Stanley Sticks to Its Hold Rating for Dow Inc (DOW)

Tipranks - Tipranks - Thu Apr 23, 1:30AM CDT

In a report released yesterday, Vincent Andrews from Morgan Stanley maintained a Hold rating on Dow Inc, with a price target of $41.00. The company’s shares closed yesterday at $38.31.

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Andrews covers the Basic Materials sector, focusing on stocks such as Albemarle, RPM International, and Sherwin-Williams Company. According to TipRanks, Andrews has an average return of 2.5% and a 61.28% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dow Inc with a $40.47 average price target.

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Based on Dow Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $9.46 billion and a GAAP net loss of $1.54 billion. In comparison, last year the company earned a revenue of $10.41 billion and had a GAAP net loss of $53 million

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