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Alembic Global Keeps Their Hold Rating on Dow Inc (DOW)

Tipranks - Tipranks - Thu Mar 12, 6:42AM CDT

Alembic Global analyst Hassan Ahmed maintained a Hold rating on Dow Inc today and set a price target of $35.00.

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Ahmed covers the Basic Materials sector, focusing on stocks such as Westlake Corporation, LyondellBasell, and Olin. According to TipRanks, Ahmed has an average return of 3.2% and a 45.25% success rate on recommended stocks.

In addition to Alembic Global, Dow Inc also received a Hold from TipRanks – xAI’s xAi Chemicals in a report issued yesterday. However, on March 9, Vertical Research upgraded Dow Inc (NYSE: DOW) to a Buy.

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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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