Olin downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital downgraded Olin (OLN) to Sector Perform from Outperform with a price target of $30, down from $45. The firm thinks a delayed demand recovery means chloralkali and vinyl earnings are likely to remain challenged over the next six quarters, which are compounded by ongoing Winchester commercial weakness. In addition, tariff pressure has historically been a negative for commodity chemicals, and the Trump administration’s recent 25% tariffs on Canada and Mexico are likely to be a headwind, the analyst tells investors in a research note. RBC lowered estimates and downgraded Olin as a result.