Analysts are Downgrading These 5 Stocks Today

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In this article, we take a look at five stocks that are being downgraded today. If you want to take a look at some more stocks that analysts are downgrading on Thursday and the latest market situation, go to Analysts are Downgrading These 10 Stocks Today.

5. Dow Inc. (NYSE:DOW)

Number of Hedge Fund Holders: 39

Dow Inc. (NYSE:DOW) received a downgrade in rating from Outperform to In-Line by Stephen Richardson at Evercore ISI. The analyst maintained a target price of $68 on Dow Inc. (NYSE:DOW) stock, providing a slim potential upside of 1.04% from the last closing price. Richardson commented that Petrochemical stocks had led the global chemical sector since the start of the year as concerns related to inflation encouraged investors to invest in companies where the rising cost of raw materials and feedstocks can be forwarded to customers immediately. However, the analyst anticipates the Q2 2022 margins for feedstock to narrow due to rising natural gas and NGL prices. As a result, the analyst anticipates a slowdown in Dow Inc.’s (NYSE:DOW) top line and a contraction in the margin, resulting in a safer view of the stock through the downgrade.

At the end of Q1 2022, 39 hedge funds held a stake in Dow Inc. (NYSE:DOW).

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