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Why Investors Drove Dow Stock Higher Today

TheMotleyFool

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Why Investors Drove Dow Stock Higher Today: https://g.foolcdn.com/editorial/images/839956/person-using-a-smartphone-while-seated-at-a-desk-with-a-laptop.jpg

An analyst's price-target raise brightened the outlook on beaten-down chemical stock (NYSE: DOW) on Monday. The company's shares enjoyed a nearly 4% gain on the day as a result, easily eclipsing the 1.2% advance of the S 500 index across that trading session.

That adjustment, made by Deutsche Bank's David Begleiter, was enacted before market open that day. Begleiter now feels that Dow is worth $26 per share, quite some distance above his previous estimation of $22. That didn't change his outlook on the stock, however, as he maintained his hold recommendation.

Image source: Getty Images.

Source Fool.com