Citi analyst Patrick Cunningham lowered the firm’s price target on Olin (OLN) to $25 from $26 and keeps a Buy rating on the shares. The firm reduced estimates in commodity chemicals ahead of the Q2 reports citing the ongoing weak operating environment. Citi believes seasonal activities “have underwhelmed” while price actions trended flat to down.
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Read More on OLN:
- Olin price target lowered to $23 from $25 at RBC Capital
- Olin, K2 Pure Solutions expand strategic partnership
- Downgraded Financial Outlook for Olin: Sell Rating Due to EPS and EBITDA Declines Amid Operational Challenges
- Olin price target lowered to $24 from $28 at Barclays
- Olin price target lowered to $20 from $28 at Morgan Stanley