5 Biggest Losers Today

3. Dow Inc. (NYSE:DOW)

Number of Hedge Fund Holders: 45

Dow Inc. (NYSE:DOW) is next on the list of 5 biggest losers today. The company’s shares fell over four percent this morning after Jefferies lowered its ratings for the commodity chemical company from “Buy” to “Hold.”

Jefferies analyst Laurence Alexander thinks Dow stock would likely stay range-bound for a while. Alexander also believes Dow Inc. (NYSE:DOW) could face a hard time due to a spike in interest rates that has affected consumer confidence.

Moreover, he suggested investors wait for a better price to invest in the stock. Alexander slashed his price target for Dow Inc. (NYSE:DOW) from $71 per share to $45 per share.