Olin price target lowered to $48 from $52 at RBC Capital

RBC Capital lowered the firm’s price target on Olin (OLN) to $48 from $52 and keeps an Outperform rating on the shares after its Q3 results. The company’s second-half EBITDA is seen as “weaker” primarily on $135M in Hurricane impacts vs. its previous $100M estimate, though the firm remains positive on the name and sees Olin with “strong leverage” to demand recovery and little downside risk from current trading levels, the analyst tells investors in a research note.