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Dow Inc (DOW): New Buy Recommendation for This Basic Materials Giant

Tipranks - Tipranks - Sat Jun 6, 9:00PM CDT

In a report released on June 4, from Wells Fargo reiterated a Buy rating on Dow Inc, with a price target of $48.00. The company’s shares closed yesterday at $34.79.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dow Inc with a $41.13 average price target, representing a 18.22% upside. In a report released on May 27, Citi also maintained a Buy rating on the stock with a $41.00 price target.

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Based on Dow Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $9.79 billion and a GAAP net loss of $445 million. In comparison, last year the company earned a revenue of $10.43 billion and had a GAAP net loss of $307 million

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