Dow Inc
DOW: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$54.00 | Szqqhkw | Vpjcncvc |
Dow Earnings: Soft Print Doesn’t Alter Our Positive Long-Term View
Narrow-moat-rated Dow’s second-quarter result was slightly below our expectations on both the top and bottom lines. That said, we raised our fair value estimate to $72 from $68 on the time value of money. Weaker results reduced what would have been an otherwise higher valuation raise by $1.