Olin initiated with a Market Perform at BMO Capital

BMO Capital initiated coverage of Olin with a Market Perform rating and $50 price target. Olin is a global leader in the chlor-alkali space with strong leverage to a recovery in its end markets, the analyst tells investors in a research note. The firm says a lack of visibility around a turnaround in its end markets, new capacity additions that will keep a ceiling on chlor-alkali prices, and structural challenges in Epoxy make the stock’s risk/reward over the next twelve months as balanced.