Barclays Maintains Equal-Weight on Olin, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Michael Leithead maintains an Equal-Weight rating on Olin Corporation (NYSE:OLN) but lowers the price target from $49 to $45.
October 28, 2024 | 2:16 pm
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Barclays has maintained its Equal-Weight rating on Olin Corporation but has lowered the price target from $49 to $45, indicating a more cautious outlook.
The lowering of the price target by Barclays suggests a less optimistic view on Olin's future performance, which could lead to a negative short-term impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target reflects potential concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100