Olin price target lowered to $28 from $34 at Barclays

Barclays analyst Michael Leithead lowered the firm’s price target on Olin (OLN) to $28 from $34 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the chemicals and packaging group. The firm made negative commodity revisions and is “patiently waiting” for a turn. The overhangs on cyclical names are likely not to be addressed this quarter, the analyst tells investors in a research note.