Dow: splits from DowDuPont; shares rise
(CercleFinance.com) - Chemical maker Dow has said that it has successfully separated from DowDuPont, hence becoming a "more focused" materials science company.
The "new Dow" said it is better positioned to drive revenue growth through its three advantaged businesses - ethylene, propylene and silicones - on markets such as packaging, infrastructure and consumer care.
This morning Credit Suisse initiated its coverage of the stock with an "outperform" rating and a target price of 62 dollars, citing a "favorable" risk/reward.
Dow shares have just begun trading on the Dow Jones index and were up 2.8% at 55 dollars in early morning trading.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The "new Dow" said it is better positioned to drive revenue growth through its three advantaged businesses - ethylene, propylene and silicones - on markets such as packaging, infrastructure and consumer care.
This morning Credit Suisse initiated its coverage of the stock with an "outperform" rating and a target price of 62 dollars, citing a "favorable" risk/reward.
Dow shares have just begun trading on the Dow Jones index and were up 2.8% at 55 dollars in early morning trading.
Copyright (c) 2019 CercleFinance.com. All rights reserved.