On Oct 28, major Wall Street analysts update their ratings for $Olin (OLN.US)$, with price targets ranging from $44 to $56.
BofA Securities analyst Steve Byrne maintains with a hold rating, and adjusts the target price from $51 to $48.
Barclays analyst Michael Leithead maintains with a hold rating, and adjusts the target price from $49 to $45.
Wells Fargo analyst Michael Sison maintains with a hold rating, and maintains the target price at $44.
KeyBanc analyst Aleksey Yefremov maintains with a buy rating, and adjusts the target price from $57 to $56.
Furthermore, according to the comprehensive report, the opinions of $Olin (OLN.US)$'s main analysts recently are as follows:
An assessment of Olin indicates that its reasonable valuation is counterbalanced by persistent risks that could affect earnings. Additionally, while the end-markets are currently showing a lack of vigor, it's noted that the moderate stimulus from China, though somewhat helpful, is insufficient to markedly enhance Olin's operational capacities.
The majority of the positive impact from 'Scott Sutton bump' has diminished, and currently, there lacks a prompt impetus for purchasing the shares, with a notable degree of uncertainty persisting leading up to the investor event in December.
Post the Q3 report, it's anticipated that hurricane-related penalties will affect Olin's EBITDA by $135M in 2024. However, the elimination of these factors is expected to result in a double-digit EBITDA growth in 2025. There is currently no specific strength observed in any of Olin's end markets. Notably, while the demand for caustic soda remains weak, prices are on the rise due to producer outages.
The company has shown confidence in the present trajectory of the caustic market, which has seen improvement this year. Additionally, the company's performance may gain further support from any positive developments in the industrial end market. Nonetheless, estimates have been recalibrated as the company did not offer guidance for 2025.
The firm maintains a neutral stance on Olin shares, acknowledging that earnings may be nearing a low point. The challenging nature of the chlorine and epoxy markets persists, notwithstanding the positive shifts in caustic soda trends.
Here are the latest investment ratings and price targets for $Olin (OLN.US)$ from 4 analysts:
Note:
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