Olin price target lowered to $20 from $23 at Truist

Truist analyst Peter Osterland lowered the firm’s price target on Olin (OLN) to $20 from $23 and keeps a Hold rating on the shares after its Q4 results. The improving caustic soda pricing fundamentals appear to be a potential near-term positive, but the firm expects CAPV – Chlor Alkali Products and Vinyls – earnings to remain under pressure from a combination of weak demand, elevated costs, and turnaround activity, the analyst tells investors in a research note.