BUZZ-Street View: Brokerages cut PT on Dow after Q4 profit miss

Reuters

Jan 31, 2025

BUZZ-Street View: Brokerages cut PT on Dow after Q4 profit miss

** Chemical company Dow DOW.N missed fourth-quarter profit estimates on Thursday, hurt by lower demand in Europe

** Company reported break-even earnings per share in the quarter, below expectations of 24 cents per share - data compiled by LSEG

EXPECT NEAR-TERM WEAKNESS

** BofA ("Buy") cuts PT to $44 from $47, says 1Q25 guidance highlights that demand conditions remain poor while elevated feedstock costs are an additional, and more recent, headwind

** "We believe that the weak Q1 earnings forecast could lead to a broad revision of 2025 core profit expectations closer to 2024 levels" - brokerage

** RBC Capital Markets ("Sector Perform") cuts PT to $38 from $41, says while Dow posted somewhat stronger-than-consensus Q4, its 1Q25 outlook is pointing to headwinds from downtime and margin pressure from higher feedstock and energy costs

** J.P. Morgan ("Overweight") cuts PT to $40 from $47, says due to the petrochemical oversupply, it would not be surprised to see Dow shutting high-cost capacity in Europe to cushion the effect of its low-cost additions

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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Morgan  cuts PT to $40 from $47, says due to the petrochemical oversupply, it would not be surprised to see Dow shutti","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DOW":"陶氏化学","BK4588":"碎股","BK4090":"商品化工","BK4585":"ETF&股票定投概念"},"translate_title":"BUZZ-Street View：第四季度利润未达标后券商下调道指PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DOW":0.9},"content_text":"BUZZ-Street View: Brokerages cut PT on Dow after Q4 profit miss** Chemical company Dow DOW.N missed fourth-quarter profit estimates on Thursday, hurt by lower demand in Europe** Company reported break-even earnings per share in the quarter, below expectations of 24 cents per share - data compiled by LSEGEXPECT NEAR-TERM WEAKNESS** BofA (\"Buy\") cuts PT to $44 from $47, says 1Q25 guidance highlights that demand conditions remain poor while elevated feedstock costs are an additional, and more recent, headwind** \"We believe that the weak Q1 earnings forecast could lead to a broad revision of 2025 core profit expectations closer to 2024 levels\" - brokerage** RBC Capital Markets (\"Sector Perform\") cuts PT to $38 from $41, says while Dow posted somewhat stronger-than-consensus Q4, its 1Q25 outlook is pointing to headwinds from downtime and margin pressure from higher feedstock and energy costs** J.P. Morgan (\"Overweight\") cuts PT to $40 from $47, says due to the petrochemical oversupply, it would not be surprised to see Dow shutting high-cost capacity in Europe to cushion the effect of its low-cost additions (Reporting by Pooja Menon in Bengaluru) ((Pooja.Menon@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}