22 stories mentioning DOWUpdated 6d ago
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Dow (DOW) has an average rating of overweight and mean price target of $35.88, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $29.58, Change: $-1.32, Percent Change: -4.27%
US chemicals companies are likely to report quarterly results in line with expectations, with the Middle East conflict seen as a potential tailwind, Deutsche Bank said Wednesday.The June quarter "largely played out" as expected in terms of demand, pricing and costs, supported by positive pre-announcements by Dow (DOW) and BASF, according to Deutsche Bank.In June, Dow Chief Financial Officer Jeff Tate said the company expected to post second-quarter earnings of about $2.2 billion, "which is above current consensus and roughly 10% above our prior guidance," according to a FactSet transcript. "This is largely driven by continued resilience in polyethylene demand and pricing, as well as margin upside in industrial intermediates and infrastructure."The company is scheduled to report its full second-quarter results Thursday.Earlier this month, German chemicals producer BASF increased its full-year core earnings outlook, citing "better-than-expected business development.""With the macro remaining uncertain, energy prices elevated due to the on-again, off-again Middle East conflict and underlying demand subdued, management teams are likely to remain cautious in their outlooks and guidance," Deutsche Bank analyst David Begleiter said in a note to clients Wednesday.The conflict between the US and Iran and the subsequent shutdown of the Strait of Hormuz -- the world's most important chokepoint for crude flows -- has been a "positive, or at least not a negative" for US chemicals firms and the wider industry of US material, industrial gas, coatings and agricultural companies, Begleiter wrote.The conflict disrupted energy and chemical production and exports from the Persian Gulf, which houses about 15% of global chemical supply, according to Deutsche Bank. The war impacted another 15% of global chemical capacity, while high oil prices increased input costs for chemical producers in Asia, the brokerage said.In the current geopolitical environment, Deutsche Bank has a favorable view on companies such as Celanese (CE), Corteva (CTVA), Ecolab (ECL), Linde (LIN) and PPG Industries (PPG), where investor sentiment is in the wrong position, there are short-term catalysts and organic growth and the companies can maintain prices when raw material costs decline, according to the note.Price: $31.38, Change: $+0.91, Percent Change: +2.99%
Prices for several key chemicals climbed last week as renewed fighting between the US and Iran and the effective closure of the Strait of Hormuz fueled supply concerns, TPH Energy Research analyst Matthew Blair said on Tuesday.US polyethylene prices rose 4 cents per pound to 44 cents/lb after trading within 1 cent of pre-conflict levels over the previous two weeks. Demand may also have been supported by stronger US consumer spending, with June retail and food services sales increasing 7% year over year.US methanol prices gained $20 per tonne to $451/tonne, extending their premium to $116/tonne above pre-conflict levels. Blair said several Iranian utility suppliers that were damaged during the earlier phase of the conflict in the second quarter have yet to resume normal operations. He said it was a factor expected to constrain the country's methanol production.MTBE posted the strongest gains, rising 30 cents to $3.41 per gallon, leaving prices $1.30/gal above pre-conflict levels. The increase comes as China's MTBE operating rates have declined in recent weeks due to planned maintenance, tightening supply.The price moves are broadly positive for major chemical producers. Higher polyethylene prices are supportive for Dow (DOW), LyondellBasell (LYB), and Westlake (WLK), while stronger methanol prices benefit Methanex (MEOH) and LyondellBasell. Higher MTBE prices also provide an earnings tailwind for LyondellBasell.Price: $31.07, Change: $+0.70, Percent Change: +2.29%
Dow (DOW) received a downgrade due to receding polyethylene prices, along with ongoing weak demand, slower GDP growth, and a $7.5 billion capital expenditure commitment for its Alberta cracker, RBC Capital Markets said Tuesday in a note.Despite a price uplift in 2026, the fundamental earnings backdrop remains similar to that at the end of 2025, as no structural changes to supply and demand have materialized since the start of the Iran conflict, according to the note.RBC believes risk is skewed to the downside on a reopening of Hormuz, and earnings could trend back to 2024 levels in 2027, the note added.Despite the delay, the Alberta cracker project continues to weigh on capital allocation. With capex estimated at approximately $6 billion net of government incentives, up from about $5 billion previously, the project would likely consume most of Dow's free cash flow through 2030, the brokerage said.RBC downgraded Dow to sector perform from outperform and lowered the price target to $28 from $51.Price: $27.61, Change: $+0.25, Percent Change: +0.90%
Dow (DOW) has an average rating of overweight and mean price target of $39.47, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Dow (DOW) shares were down 2.3% in Tuesday trading even after the company said it expects Q2 earnings of approximately $2.2 billion, above prior guidance and consensus.In a presentation at the Wells Fargo Industrials & Materials Conference Tuesday, Chief Financial Officer Jeff Tate said the company is "well-positioned to capture earnings upside."He pointed to stronger polyethylene pricing, steady packaging demand, and tightening supply as key supports for its outlook, alongside a focus on deleveraging and maintaining about $14 billion in liquidity.Price: $33.42, Change: $-0.78, Percent Change: -2.28%
Dow (DOW) has an average rating of overweight and mean price target of $42.71, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $34.16, Change: $-0.63, Percent Change: -1.81%
Dow (DOW) has an average rating of overweight and mean price target of $43.12, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Dow (DOW) is positioned to generate more than $6 billion in EBITDA in 2026, helped by stronger polyethylene margins, lower maintenance spending in H2, and additional cost savings, RBC Capital Markets said Friday in a report.The company expects supply-chain conditions to take about three quarters to normalize, though Dow remains on track to meet or exceed its Q2 guidance despite disruptions tied to the Middle East conflict, the report said.RBC forecasts Q2 EBITDA of $2 billion, up from its prior $1.41 billion estimate. It also raised its EBITDA targets to $6 billion from $4.7 billion in 2026 and to $6.5 billion from $5.3 billion in 2027.RBC boosted its price target on Dow stock to $51 from $47 and reiterated its outperform rating.Price: $38.18, Change: $-0.48, Percent Change: -1.24%
Dow (DOW) has an average rating of overweight and mean price target of $43.12, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $37.70, Change: $-0.96, Percent Change: -2.50%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $7 to $25 using an average of a forward P/E of 13.2x our 2027 EPS view of $1.67 ($22) and our DCF model ($28). Our forward P/E is below the historic average of approximately 16x on lower expected margins and demand in 2027 compared to historical levels. We raise our 2026 EPS estimate to $2.72 from -$0.28 and 2027's to $1.67 from $0.53. Our sales projections are $44.6 billion for 2026 and $45.3 billion for 2027. We believe Dow's stock presents unfavorable risk-reward after rising 59% thus far in 2026. While the Middle East conflict has temporarily boosted Dow's performance through supply shortages and logistics disruptions enabling higher prices, better margins, and stronger competitive positioning in North America, we expect these tailwinds to fade. More importantly, sustained energy price volatility would likely hurt margins in two ways: (1) rising feedstock costs would squeeze profitability and (2) weakened industrial and consumer demand would pressure volumes.
Dow (DOW) has an average rating of overweight and mean price target of $42.76, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $38.74, Change: $+0.20, Percent Change: +0.53%
Dow (DOW) has an average rating of overweight and mean price target of $42.76, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $39.07, Change: $+0.54, Percent Change: +1.40%
Dow (DOW) has an average rating of overweight and mean price target of $42.76, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $38.23, Change: $-0.31, Percent Change: -0.79%
Dow (DOW) has an average rating of overweight and mean price target of $42.76, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $38.02, Change: $-0.52, Percent Change: -1.34%
Dow (DOW) has an average rating of overweight and mean price target of $42.76, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $38.02, Change: $-0.52, Percent Change: -1.34%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Dow reported Q1 sales of $9.79B, beating consensus by $125M but declining 6% Y/Y amid the Middle East conflict and soft demand. Adjusted EPS of ($0.14) deteriorated from $0.02 in the prior year, while beat estimates by $0.15, with operating EBIT falling $76M to $154M on 7% price declines across segments. Performance Materials emerged as a bright spot with operating EBIT surging 139% to $117M on volume gains and cost reductions, while Packaging declined $134M to $208M despite higher polyethylene volumes from the new Freeport unit. The company suspended Sadara equity losses as carrying value reached total obligations. Cash generation improved dramatically with operating cash flow surging to $1.1B from $104M in the prior year, due to a NOVA litigation payment and working capital management. Free cash flow turned positive at $621M versus negative $581M in Q1 2025, providing some relief amid ongoing operational headwinds from geopolitical tensions and pricing pressures.
Dow (DOW) has an average rating of overweight and mean price target of $41.12, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $38.55, Change: $+0.25, Percent Change: +0.65%
Dow (DOW) has an average rating of overweight and mean price target of $39.65, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $37.85, Change: $+1.08, Percent Change: +2.94%
Dow (DOW) and Exxon Mobil (XOM) are among companies raising prices for plastics as the US-Israel war with Iran drives fuel and feedstock costs higher, Bloomberg reported Tuesday, citing company documents.Dow plans to raise prices of polyethylene resins for North American buyers through at least May, including a boost of $0.30 a pound in April and a $0.20 increase next month, the report said.Exxon last week announced increases of $0.30 a pound in April, up from the $0.20 boost planned earlier, the report said.Dow and Exxon did not immediately respond to requests for comment by.Dow shares fell 2.9% in Tuesday trading, and Exxon dropped 3%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $38.93, Change: $-1.18, Percent Change: -2.94%
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