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Fly News Breaks for February 8, 2016
OLN
Feb 8, 2016 | 07:37 EDT
Noting that Olin's stock has dropped nearly 14% since it provided weaker than expected guidance, SunTrust says it thinks the lack of details provided by the company regarding its outlook contributed to the decline. The firm expects the company to provide more details on its outlook at its Investor Day tomorrow, and it thinks positive developments regarding the company's performance have been overlooked. SunTrust cut its price target on the shares to $22 from $32 to reflect multiple compression in the sector but keeps a Buy rating on the shares.
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