5.5 C
New York
Friday, April 26, 2024
HomeMarkets
Markets

Credit Suisse Reiterates Outperform, Raises PT On Dow Chemical On News Of RMT With OLN

By Insider Scoop
0
16
psw-placeholder
psw-placeholder

Courtesy of Benzinga.

Related DOW
Benzinga's Volume Movers
Stocks Hitting 52-Week Highs
Olin – Compelling Math Behind A Huge Deal (Seeking Alpha)

In a report published Monday, Credit Suisse analyst John P. McNulty reiterated an Outperform rating on Dow Chemical Co. (NYSE: DOW), and raised the price target from $51.00 to $53.00.

In the report, Credit Suisse noted, “We believe DOW offers investors mid-teens potential upside over the next 12-18 months, given a number of positives including: 1) potential for significant cash returned to shareholders (more than we originally expected given the RMT for chlor-alkali, 2) reduced cyclicality/volatility following the chloralkali divestiture and 3) a number of projects/investments expected to start up over the next 2-3 years. With all of this and a reasonable valuation at 7X 2016 EBITDA, we are raising our PT to $53 and reiterate our Outperform rating.”

Dow Chemical closed on Friday at $47.76.

Latest Ratings for DOW

Date Firm Action From To
Mar 2015 JP Morgan Upgrades Neutral Overweight
Jan 2015 Deutsche Bank Maintains Buy
Jan 2015 Gilford Securities Upgrades Sell Neutral

View More Analyst Ratings for DOW
View the Latest Analyst Ratings

Posted-In: Credit Suisse John P. McNultyAnalyst Color Price Target Analyst Ratings

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,319FansLike
396,312FollowersFollow
2,290SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x