Goldman Sachs Maintains Neutral Rating for Olin: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained a Neutral rating for Olin Corporation (NYSE:OLN) but raised its price target from $55.00 to $61.00. Olin's shares are currently trading down 0.61% at $55.70. The new price target suggests a potential upside of 9.52% from the current share price. Olin Corp is a manufacturer and seller of chemicals and chemical-based products, with the majority of its revenue generated from the United States.
January 30, 2024 | 5:00 pm
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Goldman Sachs maintains a Neutral rating on Olin Corp but increases the price target from $55 to $61, suggesting a potential upside of 9.52% from the current price.
The increase in price target by Goldman Sachs is a positive signal for investors, indicating a potential undervaluation at the current price. While the rating remains Neutral, the raised target could lead to increased investor interest and a potential short-term price increase for Olin Corp's stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100