Analyst Steve Byrne of Bank of America Securities reiterated a Buy rating on Olin (OLN – Research Report), reducing the price target to $34.00.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Steve Byrne has given his Buy rating due to a combination of factors including expectations of a recovery in Olin’s earnings. Despite the challenges noted in Olin’s first quarter outlook, such as margin contractions and lower volumes in chlor-alkali, Byrne anticipates an increase in chlor-alkali EBITDA driven by higher caustic soda prices and the absence of last year’s weather-related disruptions. Additionally, epoxy earnings are expected to rise, influenced by proposed tariffs in the EU and US, which are encouraging buyers to seek more domestic products.
Byrne also views Olin as being better positioned than its peers to handle the current political climate, with minimal impact from trade tensions and potential benefits from a reduction in corporate tax rates. While the 2025 EBITDA estimate was lowered, Byrne still expects a year-over-year growth supported by gains in chlor-alkali and epoxy segments. This outlook, combined with improved end-market demand anticipated in 2026, justifies the Buy rating despite a decrease in the price objective.
According to TipRanks, Byrne is an analyst with an average return of -2.1% and a 44.22% success rate. Byrne covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, FMC, and Olin.
In another report released on February 3, KeyBanc also maintained a Buy rating on the stock with a $40.00 price target.