Olin price target lowered to $32 from $38 at Truist

Truist lowered the firm’s price target on Olin (OLN) to $32 from $38 and keeps a Hold rating on the shares after its Q4 results. The company expects lower volume sequentially during Q1 as vinyls market conditions remain challenging, with headwinds continuing during the first half of the year in Epoxy from import competition and in Winchester from destocking, the analyst tells investors in a research note. Upside to current valuation is limited until conditions in Olin’s core markets show stronger signs of recovery, the firm added.