Dow stock fell 1.87 percent after UBS cut its price target

Published on 09/28/2026 at 11:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dow stock last traded at USD 28.02 on September 25, 2026, after UBS cut its target from USD 32.00 to USD 30.00. Q2 sales reached USD 12.1 billion, up 20 percent year over year.

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Dow stock (ISIN US2605571031) fell 1.87 percent to USD 28.02 on the NYSE on September 25, 2026, at 4:00 p.m. ET. The move followed a cut in UBS's 12-month price target from USD 32.00 to USD 30.00, while the bank maintained its Neutral rating, according to Guavy on September 25, 2026.

UBS lowers its price target

UBS cited continuing margin pressure in global commodity chemicals. Its USD 30.00 target is USD 2.00 below the prior target, a reduction of 6.25 percent, keeping the assessment tied to operating conditions rather than a change in the rating.

The pressure point is the combination of slower industrial demand, customer destocking and elevated raw material costs. These factors can limit Dow's ability to pass higher input costs through to customers, particularly in polyethylene and other commodity products.

Second-quarter sales rose 20 percent

Dow's second-quarter 2026 net sales reached USD 12.1 billion, up 20 percent from USD 10.1 billion in the year-earlier quarter, according to Trivano in the July 23, 2026 earnings release. GAAP net income was USD 802 million, compared with a GAAP net loss of USD 801 million in Q2 2025, while diluted GAAP EPS improved to USD 0.99 from a loss of USD 1.18.

Operating EBIT reached USD 1.6 billion in Q2 2026, versus a loss of USD 21 million in the year-earlier period. The improvement came despite a 1 percent decline in total volume, because local price and product mix increased 20 percent.

Third-quarter margins face pressure

Dow's finance chief outlined expected third-quarter EBITDA of USD 1.5 billion to USD 1.6 billion at a September 16 investor conference, below the prior USD 1.7 billion outlook, according to Quiver Quantitative on September 18, 2026. The lower range makes polyethylene pricing and segment margins the key variables for the next results cycle.

Dow stock stays near its yearly low

At USD 28.02, Dow stock was 35.33 percent above its 52-week low of USD 20.65 and 34.36 percent below its 52-week high of USD 42.74. The NYSE-listed company had a market capitalization of USD 20.2 billion and traded 8,839,068 shares on September 25, 2026.