Olin price target lowered to $44 from $48 at Wells Fargo

Wells Fargo analyst Michael Sison lowered the firm’s price target on Olin (OLN) to $44 from $48 to reflect additional estimate cuts. The firm keeps an Equal Weight rating on the shares despite its view that earnings are close to trough, as chlorine and epoxy fundamentals remain challenging despite improving caustic soda trends.