Olin price target lowered to $34 from $44 at BMO Capital

BMO Capital analyst Bhavesh Lodaya lowered the firm’s price target on Olin (OLN) to $34 from $44 and keeps a Market Perform rating on the shares after its Q4 results. The company’s near-term earnings are expected to see headwinds from seasonally weak demand, soft consumer spending and lack of positive catalysts, though an inflection in earnings is possible in the second half given some support from the macro and recovery in end-consumer demand, the analyst tells investors in a research note.