Citi Revises DOW Outlook amid Emerging Demand Destruction Concerns

With an annual dividend yield of 4.16%, Dow Inc. (NYSE:DOW) is included among the Top 10 High Dividend Stocks to Invest In According to Analysts.

Citi Revises DOW Outlook amid Emerging Demand Destruction Concerns

On May 27, Citi analyst Patrick Cunningham lowered the price recommendation on Dow Inc. (NYSE:DOW) to $41 from $48. He reiterated a Buy rating on the stock. The firm reduced its target due to normalizing chemical prices and signs that demand destruction is beginning to emerge.

Earlier, on May 13, Argus upgraded DOW to Buy from Hold. The firm noted that the stock had faced pressure in recent quarters because of oversupply in the market. With the recent closure of the Strait of Hormuz, though, Argus sees an opportunity for supply pressures to increase as supply chain disruptions affect the market. The analyst also said the firm remains confident in management’s ability to deliver cost savings through next year.

Dow Inc. (NYSE:DOW) operates as the holding company for The Dow Chemical Company and its subsidiaries. The company runs six global businesses and reports its operations through segments that include Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings.

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