Nomura Sticks to Their Buy Rating for The Dow Chemical Company

Nomura analyst Aleksey Yefremov maintained a Buy rating on The Dow Chemical Company (NYSE: DWDP) today and set a price target of $82. The company’s shares opened today at $68.90, close to its 52-week high of $69.25.

According to TipRanks.com, Yefremov is a 5-star analyst with an average return of 19.4% and a 80.0% success rate. Yefremov covers the Consumer Goods sector, focusing on stocks such as Platform Specialty Products, Westlake Chemical Corp, and Axalta Coating Systems.

Currently, the analyst consensus on The Dow Chemical Company is Strong Buy and the average price target is $79.75, representing a 15.7% upside.

In a report issued on September 6, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $77 price target.

The company has a one year high of $69.25 and a one year low of $64.01. Currently, The Dow Chemical Company has an average volume of 8.97M.

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The Dow Chemical Co. manufactures and supplies products used primarily as raw materials in the manufacture of customer products and services. It serves the industries, including appliance; automotive; agricultural; building and construction; chemical processing; electronics; furniture; house wares; oil and gas; packaging; paints, coatings and adhesives; personal care; pharmaceutical; processed foods; pulp and paper; textile and carpet; utilities; and water treatment. The company operates through five segments: Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals and Performance Plastics. The Agricultural Sciences segment provides crop protection and seed/plant biotechnology products and technologies, urban pest management solutions and healthy oils. The Consumer Solutions segment consist three global businesses: Consumer Care, Dow Automotive Systems and Dow Electronic Materials. The Infrastructure Solutions segment comprises of an industry-leading portfolio of businesses utilizing advanced technology to deliver products such as architectural and industrial coating applications, building insulation, adhesives, microbial protection for the oil and gas industry, and water technologies. The Performance Materials & Chemicals segment comprises of five technology-driven, customer-centric global businesses that are advantaged through integration and driven by innovative technology and solutions: Chlor-Alkali and Vinyl, Chlorinated Organics, Epoxy, Industrial Solutions and Polyurethanes. The Performance Plastics segment is a leading lastics franchise, and is a market-oriented portfolio composed of five global businesses: Dow Elastomers, Dow Electrical and Telecommunications, Dow Packaging and Specialty Plastics, Energy and Hydrocarbons. The company was founded by Herbert Henry Dow in 1947 and is headquartered in Midland, MI.

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