Olin price target lowered to $48 from $51 at BofA

BofA lowered the firm’s price target on Olin (OLN) to $48 from $51 and keeps a Neutral rating on the shares. An inexpensive valuation balances against continued downside risks to earnings, says the analyst, who adds that end-markets remain sluggish. China’s modest stimulus, while somewhat beneficial, is far from what is needed to significantly boost Olin’s operating rates, the analyst tells investors.