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Fly News Breaks for June 28, 2016
OLN
Jun 28, 2016 | 06:45 EDT
Cowen analyst Charles Neivert upgraded Olin Corp. to Outperform and increased its price target to $31 from $18. The analyst raised 2017 EBITDA estimates above consensus to reflect reduced Dow transaction integration risks and synergies that may be more valuable than assumed. Neivert believes operational synergies for Olin could be over $300M, versus $250M guidance, reducing earnings' reliance on caustic soda price increases.
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