11:09 AM EDT, 10/14/2025 (MT Newswires) -- Huntsman's (HUN) shares are likely to continue to remain under pressure even though it has already fallen 52% year-to-date, BofA Securities said in a Tuesday note.

BofA analysts said that the methylene diphenyl diisocyanate, or MDI, market continues to lag expectations in all three major regions, and that macro indicators, including consumer and housing demand, are still "soft".

There is an increasing risk that the dividend will have to be lowered, considering the company's elevated leverage and limited free cash flow, analysts said.

BofA lowered the company's Q3 earnings before interest, taxes, depreciation, and amortization, or EBITDA, estimates to $70 million from $74 million, due to "softer" Polyurethane margin expectations. The firm also cut the full-year EBITDA estimate to $270 million from $282 million, with modest recovery expected in 2026.

BofA downgraded the stock to underperform from neutral, and lowered the price target to $8 from $9.

Price: 8.23, Change: +0.05, Percent Change: +0.67