** Dow DOW.N halved its dividend and forecast Q3 revenue below analysts' expectations on Thursday as the chemical company grapples with a prolonged industry downturn and tariff uncertainty
** Expects Q3 net sales of $10.2 billion vs est of $10.6 billion, according to data compiled by LSEG
INDUSTRY OVERSUPPLY WEIGHING ON PRICES, WEAKER DEMAND
** Jefferies says uncertainty caused by tariffs continues to hinder demand, particularly in Asia
** "Packaging, electronics and some consumer products are stable, but consumer durable, auto, construction, and general industrial end markets likely remain weak in 2H25" - Jefferies
** Morningstar says demand softness across Dow's end-markets and persistent industry oversupply continue to pressure earnings
** "We think the chemical industry is in a cyclical trough, and production levels from incumbents and new entrants are impairing Dow's market share" - Morningstar
** Wells Fargo sees a weak market outlook requiring additional regulatory action to balance, due to signs of oversupply from newer market entrants exporting to regions at anti-competitive economics
(Reporting by Katha Kalia in Bengaluru)
((Katha.Kalia@thomsonreuters.com))
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