Huntsman downgraded to Underperform from Neutral at BofA

BofA downgraded Huntsman (HUN) to Underperform from Neutral with a price target of $8, down from $9. The stock has greatly underperformed this year but will likely remain under pressure, the analyst tells investors in a research note. BofA futher notes that MDI markets continue to lag expectations in all three major regions while also pointing to continued soft macro indicators, including housing and consumer demand. The firm also warns that Huntsman dividend is facing increasing risks of being lowered.