What Analysts Are Saying About Olin Stock
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Olin (NYSE:OLN), with recent ratings ranging from bullish to indifferent. Over the past three months, 11 analysts have provided evaluations, with a notable shift in sentiment in the last 30 days. The average 12-month price target for OLN has increased to $63.64, up 8.69% from the previous $58.55. Analysts from firms like RBC Capital, Citigroup, and Keybanc have raised their price targets, reflecting a positive outlook on the stock. Olin Corp, a chemical manufacturer, faces challenges with a -18.33% revenue decline over 3 months but maintains strong profitability metrics.
April 19, 2024 | 6:01 pm
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Olin Corp has received mixed analyst ratings but a positive adjustment in price targets, indicating a bullish sentiment among some analysts despite recent revenue challenges.
The increase in the average price target to $63.64, along with upgrades from analysts at RBC Capital, Citigroup, and Keybanc, suggests a positive outlook for OLN's stock price in the short term. However, the recent revenue decline of -18.33% poses a risk that is somewhat mitigated by strong profitability metrics such as net margin and ROE, indicating that the company is managing its challenges effectively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100