Piper Sandler Maintains Overweight Rating for Dow: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has maintained its Overweight rating for Dow (NYSE:DOW) but lowered its price target from $66.00 to $60.00. Dow's shares are currently trading down 0.8% at $50.90 per share. A move to $60.00 would represent a 17.88% increase from the current share price.
October 11, 2023 | 5:00 pm
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Piper Sandler's maintained Overweight rating and lowered price target could potentially impact Dow's stock price.
Analyst ratings and price targets can influence investor sentiment and thus impact a stock's price. In this case, while Piper Sandler has maintained an Overweight rating for Dow, indicating a positive outlook, it has also lowered its price target. This mixed signal could create uncertainty among investors, potentially impacting Dow's stock price.
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