Barclays Downgrades Olin to Equal-Weight, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Michael Leithead has downgraded Olin (NYSE:OLN) from Overweight to Equal-Weight and lowered the price target from $60 to $52.
October 11, 2023 | 12:26 pm
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NEGATIVE IMPACT
Olin's stock has been downgraded by Barclays from Overweight to Equal-Weight, with a reduced price target of $52.
The downgrade from Barclays, a major financial institution, could negatively impact investor sentiment towards Olin. The reduced price target suggests that Barclays sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100