Keybanc Maintains Overweight on Olin, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Aleksey Yefremov has maintained an Overweight rating on Olin Corporation (OLN) but lowered the price target from $78 to $73.
April 29, 2024 | 10:59 am
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NEUTRAL IMPACT
Keybanc maintains an Overweight rating on Olin Corporation but reduces the price target from $78 to $73.
While the maintenance of an Overweight rating suggests continued confidence in Olin Corporation's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or both. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications of the lowered price target against the backdrop of sustained analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100