Movement Alert|Dow Inc. Intraday Decline 5.06%, Citigroup Cuts Target Price for Second Time in a Month Amid Sector-Wide Weakness

Market Focus
06/30

On June 30, Dow Inc. fell 5.06% in regular trading, trading at $27.575/share, with turnover of $133 million.

On the news front, Citigroup on June 24 slashed its price target on Dow from $41 to $35 while maintaining a Buy rating. Notably, this marks the second target cut within a month — Citi had previously lowered its target from $48 to $41 in late May — reflecting growing analyst caution toward the company's near-term outlook. Despite the downgrades, the consensus mean price target among analysts polled by FactSet stood at $42.47 as of the latest cut.

The broader Commodity Chemicals sector also came under significant selling pressure, amplifying Dow's downside momentum. LyondellBasell Industries fell 3.84%, Cabot dropped 5.32%, Olin declined 5.22%, Westlake Chemical lost 3.72%, and PureCycle Technologies slid 4.43%, indicating broad-based weakness across the industry group.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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