Dow Downgraded: Analyst Blames 'Perfect Storm' Of Weak Macro, High Costs, Trade Barriers

Bank of America Securities analyst Steve Byrne downgraded Dow Inc. DOW to Underperform from Buy, lowering the price forecast from $44 to $28.The analyst cited a combination of weakening macroeconomic conditions, rising U.S. feedstock costs, and increasing trade barriers as factors creating a “perfect storm” for the company.As a result, Byrne has significantly reduced EBITDA forecasts for 2025 and 2026 by 17% and 23%, respectively. He now expects $4.8 billion and $5.4 billion.The company’s current valuation ...