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Fly News Breaks for July 10, 2019
OLN
Jul 10, 2019 | 09:00 EDT
RBC Capital analyst Arun Viswanathan lowered his price target on Olin to $19 and kept his Sector Perform rating after the company's "negative" Q2 pre-announcement, driven by weaker than expected caustic soda prices and chlorine demand. The analyst adds that the management's FY19 EBITDA guidance range of $1.075B-$1.175B may be "too aggressive" as it relies on expectations of a stronger back half of the year amid weaker pricing backdrop.
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