RBC Capital analyst Arun Viswanathan initiated the newly spun-off Dow Inc with a Top Pick rating and a price target of $68, citing its opportunity as an "ultimate commodity cash machine" with an option on polyethylene, improving free cash flow profile, and commitment to capital returns. The analyst notes that the stock offers a "54% EBITDA exposure to trough earnings conditions", adding that buying at the bottom of the multiple margin cycle is the "safest way to play commodity stocks." Viswanathan further anticipates Dow Inc to add up to 1,400kT of new polyethylene capacity through "de-bottlenecking projects."