1137 ET - Bank of America downgrades Dow to underperform from buy, saying the chemical company faces significant earnings headwinds from an economic slowdown and intensifying trade war that could put its rich dividend at risk. In a note, BofA says Dow faces a "perfect storm" of softening macro, emerging barriers to trade and higher U.S. feedstock costs, and the analysts slash their 2025 and 2026 Ebitda estimates by 17% and 23%, respectively. BofA also says Dow faces a significant free-cash-flow deficit in funding its $2 billion annual dividend, which currently offers a nearly 10% yield. BofA cuts its Dow price objective to $28 from $44. Dow down 2.2% to $28.24. (colin.kellaher@wsj.com)
(END) Dow Jones Newswires
April 15, 2025 11:37 ET (15:37 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。