$DOW

Verizon, LyondellBasell, Dow, Hormel Foods, and International Paper have reduced capital spending to maintain or increase dividends. Verizon cut capex from $26.74B to $17.011B, while LyondellBasell and Dow slashed dividends and growth projects. Hormel and International Paper face earnings and operational challenges. All companies face risks if their strategies don't sustain dividends.

Citi downgraded Dow (DOW) and LyondellBasell (LYB) to Neutral from Buy, citing weak demand limiting benefits from higher oil and feedstock costs. The firm reduced earnings estimates and price targets for both companies, expecting integrated polyethylene margins to decline into 2027. Citi maintains Buy ratings on Celanese and Eastman but lowered their price targets.

Analysts downgraded several companies: Roth Capital cut SoundThinking (SSTI) to Neutral with a $9 target, Citigroup downgraded Moderna (MRNA) to Sell with an $80 target, TD Cowen downgraded Accelerant (ARX) to Hold with a $20.25 target, Barclays downgraded Mobileye (MBLY) to Equal-Weight with a $9 target, and Citigroup downgraded Dow (DOW) to Neutral with a $30 target.

Wall Street analysts issued upgrades, downgrades, and initiations for several companies. Notable upgrades include Target (TGT) to Buy at HSBC with a $190 target, and Grocery Outlet (GO) to Buy at Bank of America with a $15 target. Downgrades include Ally Financial (ALLY) to Equal Weight at Wells Fargo with a $42 target, and Moderna (MRNA) to Sell at Citigroup with an $80 target.

Citigroup downgraded Dow Inc. to 'neutral' from 'buy' and lowered its price target to $30 from $35. Separately, RBC reduced its price target to $29 from $32, maintaining a 'sector perform' rating. Dow's stock traded at $27.61 in pre-market, down 1.00%.

Dow (DOW) gained investor attention after Univar Solutions expanded its distribution agreement for Dow's SupraCare line in the U.S. and Canada. Dow's share price has shown mixed performance, with a 15.45% YTD return but declines over 3 and 5 years. Analysts suggest Dow may be 19% undervalued at $28.02, with a fair value estimate of $34.69, citing cost-cutting targets and cash flow improvements. However, risks include elevated energy costs and weak European demand.

Dow Inc. (DOW) shares fell 2.66% to $27.80 on Friday after UBS lowered its price target to $30 from $32, citing margin pressures and weak global industrial demand. The analyst maintained a Neutral rating, attributing the cut to destocking and high raw material costs.

Dow and Amcor partner to develop low-carbon packaging solutions, combining Dow's low-carbon polyethylene expertise with Amcor's manufacturing capabilities. They aim to create commercially viable applications and provide carbon footprint information, using the Carbon Footprint Ledger (CFL) methodology.

Dow (DOW) expanded its agreement with Univar Solutions to distribute SupraCare polymers, supporting its focus on higher-value products. The company's Transform to Outperform cost program aims for $700M in savings this year and $2B total. Dow's investment narrative hinges on cost discipline and portfolio choices. Analysts expect $44.6B revenue and $2.1B earnings by 2029, with potential upside if the cost program succeeds. Risks include margin pressure and restructuring challenges.

Univar Solutions and Dow have expanded their partnership to distribute Dow's SupraCare cleaning ingredients across the U.S. and Canada. The deal, focused on homecare and industrial cleaning, aims to enhance cleaning performance and formulation flexibility. SupraCare polymers and additives target applications like dishwashing and laundry care. The collaboration combines Univar's distribution and technical expertise with Dow's materials science.