JP Morgan Downgrades Dow Chemical Co to Neutral

Brokerage firm JP Morgan Downgrades its rating on Dow Chemical Co(NYSE:DOW). The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by JP Morgan was issued on Jun 28, 2016.

In a different note, On Apr 18, 2016, Citigroup said it Maintains its rating on Dow Chemical Co. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Neutral’ by the firm.

Dow Chemical Co (DOW) shares turned negative on Fridays trading session with the shares closing down -0.17 points or -0.34% at a volume of 97,00,595. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $50.16. The peak price level was also seen at $50.16 while the days lowest was $49.45. Finally the shares closed at $49.54. The 52-week high of the shares is $57.1 while the 52-week low is $35.11. According to the latest information available, the market cap of the company is $55,625 M.

Dow Chemical Co(DOW) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $10.66B. Analysts had an estimated revenue of $10.66B. Earnings per share were $0.89. Analysts had estimated an EPS of $0.83.

Several Insider Transactions has been reported to the SEC. On Nov 5, 2015, Fernando Ruiz (Corporate VP & Treasurer) sold 20,000 shares at $52.35 per share price.Also, On Feb 13, 2015, Ruth G Shaw (director) purchased 4,154 shares at $48.19 per share price.On Feb 12, 2015, Arnold A Allemang (director) sold 37,800 shares at $48.15 per share price, according to the Form-4 filing with the securities and exchange commission.

The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world. The Company operates in five segments: Agricultural Sciences Consumer Solutions Infrastructure Solutions Performance Materials & Chemicals and Performance Plastics. The Company serves various industries such as appliance automotive agricultural building and construction chemical processing electronics furniture housewares oil and gas packaging paints coatings and adhesives personal care pharmaceutical processed foods pulp and paper textile and carpet utilities and water treatment.

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