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Dow Inc (DOW) Gets a Buy from Alembic Global

Tipranks - Tipranks - Wed Jun 10, 11:40AM CDT

In a report released today, Hassan Ahmed from Alembic Global reiterated a Buy rating on Dow Inc, with a price target of $50.00.

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Ahmed covers the Basic Materials sector, focusing on stocks such as Dow Inc, Methanex, and Huntsman. According to TipRanks, Ahmed has an average return of 5.8% and a 47.18% success rate on recommended stocks.

In addition to Alembic Global, Dow Inc also received a Buy from Wells Fargo’s Michael Sison in a report issued on June 4. However, today, Bank of America Securities maintained a Hold rating on Dow Inc (NYSE: DOW).

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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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