BofA analyst Steve Byrne lowered the firm’s price target on Olin (OLN) to $34 from $40 and keeps a Buy rating on the shares. The firm, which acknowledges that Olin’s Q1 outlook had a number of issues, including significant margin contraction in chlor-alkali along with lower volumes contrary to normal seasonality, is lowering its 2025 EBITDA forecast to $998M from $1.115B with lower estimates for all three segments. The firm notes, however, that it still believes that 2024 marked Olin’s earnings trough.
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