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Microsoft and a major chemical stock were among Friday's biggest analyst calls. He also lowered his price target by $1 to $25, which implies shares can fall roughly 19% from Thursday's close. Sandler increased his price target by $27 to $200, which implies 26.6% potential upside. JPMorgan: Analyst Mark Murphy added $30 to his price target, which is now at $470. He also hiked his price target to $61 from $55, which implies upside of 8% going forward.

Persons: Morgan Stanley, Mobileye, Adam Jonas, Jonas, — Pia Singh, Stifel, Stanley Elliot, Elliott, Alphabet's, Oppenheimer, Jason Helfstein, Ross Sandler, Sandler, Brent Thill, Google's, Justin Post, Post, Wall, Raimo Lenschow, Wells, Michael Turrin, MSFT, Turrin, Mark Murphy, Murphy, Keith Weiss, Weiss, Jeffrey Zekauskas, Zekauskas, Dow, Fred Imbert Organizations: CNBC, Microsoft, JPMorgan, Dow Inc, TAM, Caterpillar, Google, Barclays, –, Jefferies, Bank of America, DOW Locations: Israel, Thursday's, reaccelerate, Wells Fargo

☆ JPMorgan says buy the dip on this chemical giant trading at a "reasonable valuation"
▼ + stars: | 2023-09-25 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

Now is the time to buy the dip in chemical company Dow Inc. , says JPMorgan. "We think the recent downward movement in equity values has given investors an opportunity to purchase Dow shares at a reasonable valuation," analyst Jeffrey Zekauskas wrote in a Monday note. Shares of Dow, which serves as a holding company for Dow Chemical and its subsidiaries, have lost 7.9% this month and 0.3% in 2023. The analyst said Dow has underperformed chemical company LyondellBasell this year and over the past 12 months because of its dividend. Dow's dividend is flat, while Lyondell's dividend has increased by 19% since February 2021, according to the note.

Persons: Jeffrey Zekauskas, Zekauskas, Dow, — CNBC's Michael Bloom Organizations: Dow Inc, JPMorgan, Dow, Dow Chemical

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