Vertical Research Downgrades Olin to Hold, Announces $58 Price Target
Portfolio Pulse from Benzinga Newsdesk
Vertical Research analyst Kevin McCarthy has downgraded Olin (NYSE:OLN) from Buy to Hold and set a price target of $58.
September 05, 2023 | 12:46 pm
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NEGATIVE IMPACT
Olin Corporation has been downgraded from Buy to Hold by Vertical Research, with a new price target of $58.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential for Olin's stock in the near term. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100