Analyst Upgrades Dow, Calls Capex Cut And Asset Sales Positive
1. Dow Inc. upgraded to Buy with a forecast price of $35. 2. First-quarter sales at $10.431 billion, beating estimates significantly. 3. Postponing Ft. Saskatchewan project could save $600 million in capex. 4. Negative free cash flow of $1 billion is concerning for H1 2025. 5. Reversal in cash flow expected in H2 driven by operational improvements.