JP Morgan Downgrades Olin to Neutral, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeffrey Zekauskas has downgraded Olin (NYSE:OLN) from Overweight to Neutral and lowered the price target from $75 to $48.
October 30, 2023 | 9:23 am
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NEGATIVE IMPACT
Olin's stock has been downgraded by JP Morgan from Overweight to Neutral, with a lowered price target of $48.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Olin. The lowered price target suggests that JP Morgan expects less upside potential for the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100