Goldman Sachs Downgrades Olin to Neutral, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Duffy Fischer has downgraded Olin (NYSE:OLN) from Buy to Neutral and lowered the price target from $67 to $57.

September 06, 2023 | 8:58 am
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NEGATIVE IMPACT
Goldman Sachs has downgraded Olin (NYSE:OLN) from Buy to Neutral and lowered the price target from $67 to $57. This could potentially impact the stock's performance in the short term.
The downgrade from Goldman Sachs, a major financial institution, could potentially lead to a decrease in investor confidence in Olin, which may result in a short-term decrease in the stock's price. The lowering of the price target also suggests that Goldman Sachs sees less upside potential in the stock, which could further dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100