Citigroup Maintains Buy Rating On Dow Chemical Company (DOW)

Analyst P.J. Juvekar at Citigroup has released an update on Dow Chemical Company (NYSE: DOW). Earlier today, Dow Chemical reported first-quarter EPS of $0.43, beating both Citigroup’s and consensus estimate of $0.30.

Citigroup believes that the first-quarter results are encouraging as incremental EBITDA margins were 37%. The company reported first-quarter sales of $13.4 billion.

Following the first-quarter results, Citigroup has maintained its Buy rating and $36 price target for Dow Chemical Company.