Group 1 - Dow's stock experienced a decline of over 2% following a bearish adjustment from an analyst, contrasting with a 0.2% rise in the S&P 500 [1] - Jefferies' Laurence Alexander lowered Dow's price target from $28 to $23 per share while maintaining a hold recommendation [2] - The downgrade was influenced by ongoing supply chain issues and the potential delay in increased demand due to interest rate cuts [3] Group 2 - Alexander suggested that Dow's management would need to continue reducing capital expenditures due to ongoing pressures, which, along with anticipated restructuring measures in 2026, could negatively impact the company's fundamentals [4] - Dow has faced significant challenges, including a recent 50% cut to its quarterly dividend, which led to increased selling pressure from investors [5] - The chemical industry is currently in a down cycle, struggling with oversupply issues and negative sentiment exacerbated by current tariff policies [5][6]