Olin price target lowered to $56 from $57 at KeyBanc

KeyBanc lowered the firm’s price target on Olin (OLN) to $56 from $57 and keeps an Overweight rating on the shares. The firm says it was surprised by the magnitude of operational issues and misses in Epoxy and Winchester. KeyBanc believes 2025 should shape into a better year from an earnings standpoint, but one in which EBITDA of $1.08B is still meaningfully below mid-cycle potential of $1.8B-$1.9B.