Analyst: Dow Stock Has a "Perfect Storm" of Headwinds

Dow Inc (NYSE:DOW) stock is under pressure this morning, down 4.6% at $27.56 before the bell following a rare double downgrade from Bank of America. The firm slashed its rating on the chemical stock to "underperform" from "buy", citing a “perfect storm” of headwinds -- from a softening global economy to rising trade barriers. Alongside the downgrade, the analyst set a price target of $28.DOW managed a 0.8% gain last week, for its first weekly win in the last six, but the longer-term picture remains bleak. S ...