Olin price target raised to $24 from $22 at RBC Capital

RBC Capital analyst Arun Viswanathan raised the firm’s price target on Olin (OLN) to $24 from $22 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q4 for Commodity Chemicals. The company has shifted away from indexed contract pricing and toward freely negotiated prices with customers, and the management notes that this has allowed Olin to become the price maker rather than the price taker set by the trade indices, the analyst tells investors in a research note.