Dow Inc. (DOW, Financial) has seen a reduction in its price target from $35 to $30, according to RBC Capital analyst Arun Viswanathan. This adjustment follows the company's first-quarter financial results and reflects concerns over its second-quarter outlook. The company's recent steps to enhance cash reserves are viewed positively in the short term.
Despite these cash measures and the assurance of a stable dividend, RBC Capital notes a lack of expected significant price improvements and diminished prospects for growth in the latter half of the year. The outlook for the upcoming months remains cautious, aligning with the company's weaker projections for Q2.
