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CG_Financial
Feb 5, 2022 12:14 AM

DOW long  Long

Dow Inc.NYSE

Description

DuPont spinoff with 4.57% div yld and blended P/E of 7 versus normal of 18. With 28% forecasted drop in EPS into 2022, this would still give about a 118 target based on the normal P/E. This would be a 96ish target based on a P/E of about 15.

Slow growth, but it makes sense as an income play.

PT $67
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