Olin price target lowered to $28 from $30 at RBC Capital

RBC Capital analyst Arun Viswanathan lowered the firm’s price target on Olin (OLN) to $28 from $30 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q1 results for Commodity Chemicals. Chlor-alkali prices appear to be improving in Q1 and Building & Construction demand could improve seasonally, but cold weather delayed the onset of construction season and caused some outages while Consumer demand remains subdued on inflation impacts, the analyst tells investors in a research note.