Olin price target lowered to $51 from $57 at Piper Sandler

Piper Sandler analyst Charles Neivert lowered the firm’s price target on Olin (OLN) to $51 from $57 and keeps an Overweight rating on the shares. The firm is updating its Olin model to reflect Q3 earnings, new guidance and its recent channel checks. Piper cites a lower earnings outlook for 2025 as a result of a lengthening of the recovery cycle for the price target cut.