Analyst recommendations

As of April 19, 2017, 21 brokerage firms were actively tracking Dow Chemical (DOW) stock. 76% of the analysts recommended the stock as a “buy,” and 24% of analysts recommended the stock as a “hold.”

What Analysts Recommend for Dow Chemical ahead of 1Q17 Earnings

Analysts’ consensus indicates a 12-month target price of $70.25 for Dow Chemical, which implies a return potential of 14.1% from the closing price of $61.55 on April 19, 2017.

Analysts appear to be optimistic

With Dow Chemical expected to continue its good performance in 1Q17 and the news of conditional approval from the European Commission, analysts expect the proposed merger between Dow Chemical (DOW) and DuPont (DD) to go through. Shareholders are expected to benefit significantly from the merger through synergies. As a result, the majority of analysts are either recommending the stock as a “hold” or a “buy.”

Target prices

Below are some of the recommended target prices from well-known brokerage firms for Dow Chemical:

  • On March 6, 2017, Jefferies rated Dow Chemical as a “buy” with a target price of $75. The target implies a 12-month potential return of 21.9% over the closing price of $61.55 on April 19, 2017.
  • On January 30, 2017, Barclays (BCS) rated Dow Chemical as “equal weight” with a target price of $65. It implies a 12-month potential return of 5.6% over the closing price of $61.55 on April 19, 2017.
  • On January 27, 2017, Deutsche Bank (DB) rated Dow Chemical as a “buy” with a target price of $70. The target implies a 12-month potential return of 13.7% over the closing price of $61.55 on April 19, 2017.

Investors can indirectly hold Dow Chemical by investing in the ProShares Ultra Basic Materials ETF (UYM). UYM invests 8.6% of its portfolio in Dow Chemical as of April 19, 2017. In the next part, we’ll look at Dow Chemical’s latest valuations.

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.