KeyBanc analyst Aleksey Yefremov raised the firm’s price target on Olin to $66 from $61 on a stronger earnings forecast, while keeping an Overweight rating on the shares. The firm says Olin remains one of its favorite ways to play commodities as it sees a bottom in caustic soda on the horizon, coupled with significant operating leverage when volumes return.
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Read More on OLN:
- Olin price target raised by $9 at Citi, here’s why
- Olin initiated with a Hold at Deutsche Bank
- Olin initiated with a Buy at Citi
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