RBC Capital analyst Arun Viswanathan maintains $Olin (OLN.US)$ with a buy rating, and adjusts the target price from $52 to $48.
According to TipRanks data, the analyst has a success rate of 49.0% and a total average return of -0.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Olin (OLN.US)$'s main analysts recently are as follows:
The valuation of Olin remains attractive, yet it is offset by ongoing potential risks to earnings due to sluggishness in end-markets. Although China's recent stimulus offers some advantages, it is not sufficient to markedly improve Olin's operating rates.
Following the Q3 report, it's noted that much of the initial enthusiasm regarding Olin's prospects seems to have dissipated, and presently, there lacks a clear immediate incentive to invest in the stock. This sentiment comes amid heightened uncertainty leading up to the investor day scheduled for December.
The firm's assessment following Olin's Q3 report suggests that while EBITDA is expected to incur substantial hurricane-related penalties in 2024, the subsequent year is likely to witness double-digit EBITDA growth, assuming the absence of such deterring factors. However, it is noted that there's a lack of distinctive robustness across Olin's various end markets. In the caustic soda segment, despite a softening in demand, prices are on an upward trajectory, largely due to producer outages.
Note:
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