Olin price target lowered to $25 from $28 at RBC Capital

RBC Capital analyst Arun Viswanathan lowered the firm’s price target on Olin (OLN) to $25 from $28 and keeps a Sector Perform rating on the shares. Near-term weakness in Chlor-Alkali has resulted in lower y/y segment earnings, and while Olin’s Q1 beat partially demonstrated its ability to capitalize on market tightness, the firm does not expect material demand improvement in the next several quarters, the analyst tells investors in a research note.