Dow Stock Drops Following UBS Price Target Cut

Dow Inc. (NYSE: DOW) shares fell 2.66% to $27.80 following a price target reduction by UBS analyst Joshua Spector, who lowered the 12-month target from $32 to $30 while maintaining a Neutral rating. This adjustment reflects ongoing margin pressures in the global commodity chemicals sector, driven by slow industrial demand recovery and elevated raw material costs. The chemicals sector is particularly affected by weak industrial activity in Europe and insufficient economic stimulus from China, impacting pricing power and EBITDA estimates.