Dow Pre-Announces Q3 Shortfall
<p><a href='https://financialmodelingprep.com/financial-summary/DOW'>Dow Inc. (NYSE:DOW)</a> pre-announced Q3 shortfall, expecting EBITDA to be $600 million, or 25%, lower than the Street estimate of $2.44 billion. </p>
<p>While the analysts at Deutsche Bank had lowered their estimates earlier in the week due to lower polyethylene (PE) prices and volumes owing to slowing demand and production cuts, they said that magnitude of the Q3 shortfall was larger than they expected. </p>
<p>This was due to weaker consumer and industrial demand and energy cost inflation in Europe, persistent inflation impacts and logistic challenges in the US and the lack of a recovery in China as COVID lockdowns continue. </p>
<p>The analysts lowered their price target to $50 from $55, while reiterating their hold rating.</p>

NYSE:DOW