Truist initiated coverage of Olin (OLN) with a Hold rating and $38 price target The firm believes optimizing the company’s asset footprint, cost structure, and operating rates will be a multiyear process. This stage justifies a valuation multiple at a discount to peers and Olin’s historical average, the analyst tells investors in a research note. However Truist expects improving cash conversion and views Olin’s “shareholder-friendly” capital allocation framework as a positive.
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