BofA Warns Petrochemical Stocks May Have Risen Too Far, Too Fast
BofA downgraded Dow, LyondellBasell, and Westlake, saying recent gains from high oil prices may not last and stocks could slow down.
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Middle East Tensions Ignite Fertilizer & Chemical Stock Rally
Ongoing conflicts in the Middle East are disrupting fertilizer shipments through key routes like the Strait of Hormuz, pushing up prices and boosting shares of major agricultural and chemical companies for the second day in a row.
Polyethylene Surge Boosts Dow – JPMorgan Upgrades to Overweight
JPMorgan upgrades Dow Inc. to Overweight with a $40 price target, citing sharp polyethylene price gains from energy disruptions due to the Iran conflict and Strait of Hormuz issues.
Dow Chemicals Beats Q3 Loss Expectations on Cost Cuts and New Assets
Dow Chemical reports smaller Q3 loss than expected, driven by cost reductions and new Gulf Coast facilities.