Analyst Upgrades Dow, Calls Capex Cut And Asset Sales Positive
Fermium Research analyst Frank J. Mitsch upgraded Dow Inc. (NYSE:DOW) from Hold to Buy at a price forecast of $35. On Thursday, the company reported better-than-expected first-quarter 2025 sales of $10.431 billion, beating the consensus of $10.24 billion, and adjusted EPS of $0.02, beating the consensus estimate of a $0.01 loss. The analyst views Dow’s decision to postpone the Ft. Saskatchewan Path2Zero project, which is expected to yield an additional $600 million in capex savings in 2025, as a