Dow Inc and Anglo American Receive Analyst Ratings and Price Targets

Analysts have weighed in on Dow Inc (DOW) and Anglo American (AAUKF) with new ratings. John McNulty from BMO Capital maintained a Sell rating on DOW with a $20.00 price target, while Liam Fitzpatrick from Deutsche Bank reiterated a Buy rating on AAUKF with a £26,000 price target. The analyst consensus for AAUKF is Moderate Buy with a $31.73 average price target.

Analysts have recently provided updates on their ratings and price targets for Dow Inc. (NYSE: DOW) and Anglo American (AAUKF). John McNulty from BMO Capital has maintained a Sell rating on DOW, lowering its price target to $20.00 [1]. Meanwhile, Liam Fitzpatrick from Deutsche Bank reiterated a Buy rating on AAUKF, setting a £26,000 price target. The analyst consensus for AAUKF is Moderate Buy with an average price target of $31.73 [2].

John McNulty cited a weak petrochemical market environment and ongoing uncertainty about when conditions might stabilize as key factors behind the decision to lower the price target on DOW. The company’s shares, currently trading at $25.31, have declined over 34% in the past six months and are hovering near their 52-week low of $24.37. BMO noted that Dow management has implemented "increasingly severe actions" to counter macroeconomic challenges, including cutting its dividend by half, putting projects on hold, divesting assets, and taking other measures to preserve cash. Despite acknowledging these efforts, BMO expressed concern about the "uncertain macro backdrop" and observed that Dow’s earnings are trending below even their conservative forecasts.

In other recent news, Dow Inc. has announced a 50% reduction in its quarterly dividend, setting it at 35 cents per share. This decision comes amid a challenging macroeconomic environment and a prolonged industry downturn. Moody’s Ratings has downgraded Dow’s senior unsecured credit rating to Baa2 from Baa1, citing depressed earnings and governance concerns related to the company’s history of elevated dividend payouts. Meanwhile, Evercore ISI has downgraded Dow’s stock from Outperform to In Line, expressing concerns about the company’s outlook following the dividend cut and reducing its price target to $32.00. RBC Capital has also lowered its price target for Dow to $26.00, maintaining a Sector Perform rating due to a weak earnings outlook. Additionally, BofA Securities has reiterated its Underperform rating on Dow, following the company’s announcement of closing three European facilities.

Anglo American, on the other hand, has received a more optimistic outlook from Liam Fitzpatrick at Deutsche Bank. The company operates in the mining sector and has seen its stock price fluctuate in response to commodity prices and market conditions. The Moderate Buy rating reflects the analysts’ view that the company’s prospects are favorable, despite the challenges in the mining industry.

The market capitalization of Dow Inc. is approximately $17.78 billion, with a trading volume of 4,419,556 shares on the NYSE. The stock has fluctuated between a low of $25.09 and a high of $25.60 today, and over the past year, it has ranged from a high of $55.67 to a low of $24.37. These figures highlight the stock's volatility and the market's reaction to recent developments.

References:
[1] https://www.investing.com/news/analyst-ratings/bmo-capital-lowers-dow-stock-price-target-to-20-on-weak-petchem-market-93CH-4157748
[2] https://site.financialmodelingprep.com/market-news/dow-inc-nyse-dow-market-challenges-legal-investigation