BofA upgrades chemicals maker Dow to 'neutral', lifts PT

Dow

19/10/2026 13:28

** BofA Global Research upgrades rating on US-based chemicals maker Dow DOW.N to "neutral," from "underperform", raises PT to $31 from $29
** The new PT represents a 3.6% upside to the stock's last close
** Brokerage upgrades Dow citing a more persistent geopolitical instability in the Middle East has created risk of a higher-for-longer crude oil environment
** BofA adds that China's return as a net importer of chemicals is supporting global chemical prices and improving the demand outlook for producers like Dow
** Brokerage expects earnings stability to be supported by the company's ongoing productivity initiatives worth more than $2 billion
** 8 out of 23 brokerages rate stock "buy" or higher, 13 "hold" and 2 "sell", their median PT is $32.5 - data compiled by LSEG
** Up until last close, Dow up 28.02% YTD

 (Reporting by Tyakshi Singh in Bengaluru)
 ((Tyakshi.singh@thomsonreuters.com))