Citi cuts target for Dow stock from USD 35.00 to USD 30.00

Published on 10/01/2026 at 11:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dow guides third-quarter EBITDA to USD 1.50-1.60 billion. Dow stock costs EUR 24.56 on October 1, 2026 after EUR 24.28, plus 1.15 percent.

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Dow stock was trading at EUR 24.56 at Lang & Schwarz on October 1, 2026 at 11:45 a.m. CEST, plus 1.15 percent versus the prior close of EUR 24.28. On September 30, 2026, Citi cut its Dow price target from USD 35.00 to USD 30.00 and downgraded the stock from Buy to Neutral, according to Markets Insider.

Citi flags weaker chemical demand

Citi cited weaker demand and reduced confidence in upside for polyethylene prices, even with crude oil at USD 100.00 per barrel, as the reason for its lower target. The change puts the bank's valuation view below the analyst consensus target of USD 34.12 reported for Dow.

Third-quarter guidance moves lower

Dow now expects third-quarter operating earnings before interest, taxes, depreciation and amortization of USD 1.50-1.60 billion, down from the previous USD 1.70 billion outlook. ICIS reported on September 16, 2026 that early-quarter polyethylene price declines were the key pressure, while second-quarter operating EBITDA was USD 2.312 billion.

Revenue rebound faces a margin test

Dow's second-quarter revenue reached USD 12.09 billion, up from USD 10.10 billion in the year-earlier quarter, while adjusted earnings per share came in at USD 1.44 against a USD 1.28 consensus estimate, according to Markets Insider. That contrast matters: the second-quarter rebound was measurable, but the next-quarter outlook already embeds lower profitability.

October earnings date sets the next test

Dow's next earnings date is October 22, 2026, according to Yahoo Finance. The same market data place Dow's market capitalization at USD 19.9 billion as of September 30, 2026, with a 52-week range of USD 20.65 to USD 42.74.

Dow stock remains below its yearly high

The Lang & Schwarz quote stands 42.57 percent below the USD 42.74 52-week high, using separate currency references only as dated market context rather than as a direct price comparison. For investors, the key tension is visible in the sequence: revenue and adjusted earnings improved in the second quarter, while polyethylene pricing pushed the third-quarter operating outlook down.

The further course of trading is shown by the continuously updated real-time quote of Dow stock.