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 increased its price target from $55.00 to $61.00. Olin's shares are currently trading at $53.48, and the new price target suggests a potential upside of 14.06%. Olin Corp is a manufacturer and seller of chemicals and chemical-based products, with the majority of its revenue generated in the United States.

January 31, 2024 | 5:00 pm
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Goldman Sachs maintains a Neutral rating on Olin Corp but raises the price target from $55 to $61, indicating a potential 14.06% increase from the current price.
The increase in price target by Goldman Sachs could lead to positive investor sentiment in the short term, as it suggests a higher valuation for Olin Corp. The Neutral rating indicates that Goldman Sachs does not see significant downside or upside risks at the moment, but the raised target price could be seen as a sign of confidence in the company's future performance, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100