Wells Fargo Downgrades Olin to Equal-Weight, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Sison has downgraded Olin (NYSE:OLN) from Overweight to Equal-Weight and lowered the price target from $65 to $50.
September 26, 2023 | 9:24 am
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Olin's stock has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a lowered price target of $50.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for Olin's stock. The lowered price target from $65 to $50 also suggests that the analyst expects the stock's price to decrease in the short term. This could potentially lead to a negative impact on the stock's price.
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IMPORTANCE 80
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