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OLN

Olin

$17.62

-0.37 (-2.06%)

06:29
10/09/19
10/09
06:29
10/09/19
06:29

Olin downgraded to Neutral from Buy at Citi

Citi analyst P.J. Juvekar downgraded Olin to Neutral from Buy with a price target of $19, down from $24. The third quarter for Chemicals felt like a continuation of the second quarter, with weak autos and construction activity as well as slowing global trade, Juvekar tells investors in a research note. The analyst has turned cautious on chlor-alkali and has moved to the sidelines on the chlor-alkali chain. Although there is not much capacity on the horizon, demand has been softer this year and is unlikely to pick up, contends Juvekar.

  • 01

    Nov

OLN Olin
$17.62

-0.37 (-2.06%)

07/17/19
GSCO
07/17/19
DOWNGRADE
Target $31
GSCO
Sell
Trinseo downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Robert Koort said he believes investor expectations are muted ahead of Q2 earnings from the chemicals names. As proof, he noted that five negative pre-announcements - from LyondellBasell (LYB), Westlake Chemical (WLK), H.B. Fuller (FUL), Olin (OLN) and BASF (BASFY) - have been followed by a "modest" 1% average decline on the first full trading day following each announcement. In the preview note, he downgraded Trinseo (TSE) to Sell from Neutral, stating that he views styrene as the least favored commodity for cyclicals within his coverage. Koort expects styrene operating rates to decline 6 percentage points through 2022 as Chinese capacity additions outpace his "ambitious" demand growth estimate of 2.3%, he noted. Koort lowered his price target for Trinseo shares to $31.
07/19/19
MSCO
07/19/19
DOWNGRADE
Target $23
MSCO
Equal Weight
Olin downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Neel Kumar downgraded Olin (OLN) to Equal Weight from Overweight after the company recently lowered its 2019 EBITDA guidance to $1.075B-$1.175B. Even though the guidance was revised lower, it appears to embed a significant near-term improvement in caustic prices, though Kumar thinks the catalysts expected to drive caustic pricing improvements have largely played out, he tells investors. The analyst, who sees potential for further negative earnings revisions, cut his price target on Olin shares to $23 rom $33. He also lowered his target for peer Westlake Chemical's (WLK) shares to $69 from $88.
10/02/19
NOMU
10/02/19
NO CHANGE
Target $16
NOMU
Neutral
Nomura Instinet cuts Olin target to $16, remains cautious on Westlake
Nomura Instinet analyst Aleksey Yefremov lowered his price target for Olin (OLN) to $16 from $20 citing the "downside surprise" to caustic soda prices. IHS reported last Friday that the caustic soda domestic contract index declined $10/ton month-over-month in September, a surprise, says the analyst, who had expected a flat to down $5/ton settlement. He believes the caustic soda price declines contrast with what should have been a tight supply picture, as 9% of the U.S. capacity experienced outages in September. As such, Yefremov interprets the September settlement as a fairly strong indicator of oversupply in the domestic caustic soda market, and he struggles "to see major positive catalysts on the horizon." The analyst keeps a Neutral rating on Olin and also remains cautious on Westlake Chemical (WLK).
10/03/19
LEHM
10/03/19
NO CHANGE
Target $21
LEHM
Equal Weight
Olin, Westlake Chemical second half EBITDA estimates at risk, says Barclays
Barclays analyst Michael Leithead says lower caustic soda prices "once again lead earnings estimates lower" for both Olin (OLN) and Westlake Chemical (WLK). After September caustic soda contract prices "surprisingly" settled down $10/dst in recent days, the analyst lowered his estimates for both companies. His numbers for both show ~10% downside risk to consensus second half of 2019 EBITDA estimates. Leithead lowered his price target for Equal Weight-rated Olin to $21 from $22 and for Equal Weight-rated Westlake to $65 from $71.

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SPY

SPDR S&P 500 ETF Trust

$298.89

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China may retaliate if U.S. Congress passes bill supporting Hong Kong protesters 

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Bank of America

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Abbott

$82.06

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Bank of America

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Abbott

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U.S. Bancorp

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PNC Financial

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BNY Mellon

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Ally Financial

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Comerica

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First Horizon

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RIO

Rio Tinto

$51.40

-0.43 (-0.83%)

20:17
10/15/19
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Hot Stocks
Rio Tinto reports Q3 Pilbara iron ore output 87.3M tons, up 6% from last year »

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GNTX

Gentex

$26.98

0.65 (2.47%)

20:16
10/15/19
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20:16
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Initiation
Gentex initiated  »

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VNE

Veoneer

$16.11

0.82 (5.36%)

20:16
10/15/19
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20:16
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20:16
Initiation
Veoneer initiated  »

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VC

Visteon

$82.45

0.63 (0.77%)

20:15
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20:15
Initiation
Visteon initiated  »

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  • 24

    Oct

DLPH

Delphi Technologies

$14.37

0.45 (3.23%)

20:14
10/15/19
10/15
20:14
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20:14
Initiation
Delphi Technologies initiated  »

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BWA

BorgWarner

$37.74

0.68 (1.83%)

20:13
10/15/19
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20:13
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20:13
Initiation
BorgWarner initiated  »

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  • 31

    Oct

LEA

Lear

$121.75

3.94 (3.34%)

20:13
10/15/19
10/15
20:13
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20:13
Initiation
Lear initiated  »

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DFIN

Donnelley Financial Solutions

$10.54

0.035 (0.33%)

20:12
10/15/19
10/15
20:12
10/15/19
20:12
Initiation
Donnelley Financial Solutions initiated  »

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JNJ

Johnson & Johnson

$132.84

2.17 (1.66%)

, TEVA

Teva

$6.96

0.22 (3.26%)

19:17
10/15/19
10/15
19:17
10/15/19
19:17
Periodicals
As part of proposed settlement, Teva offers $15B of free drugs, Bloomberg says »

The report also notes…

JNJ

Johnson & Johnson

$132.84

2.17 (1.66%)

TEVA

Teva

$6.96

0.22 (3.26%)

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  • 15

    Oct

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    Nov

WAFD

Washington Federal

$36.81

0.15 (0.41%)

19:04
10/15/19
10/15
19:04
10/15/19
19:04
Earnings
Washington Federal reports Q4 EPS 66c, consensus 65c »

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  • 06

    Nov

INGR

Ingredion

$81.17

0.94 (1.17%)

19:01
10/15/19
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19:01
10/15/19
19:01
Hot Stocks
Ingredion discloses malware affecting certain data centers »

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  • 31

    Oct

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$298.89

2.88 (0.97%)

19:01
10/15/19
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19:01
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Periodicals
Pelosi holds off on House vote over impeachment inquiry, Politico says »

House Speaker Nancy…

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S&P 500

$0.00

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SPDR S&P 500 ETF Trust

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PBR

Petrobras

$14.40

0.02 (0.14%)

18:59
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Petrobras signs charter contracts for two FPSO platforms »

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  • 25

    Oct

SNBR

Sleep Number

$46.69

0.48 (1.04%)

, UAL

United Airlines

$87.90

0.9 (1.03%)

18:58
10/15/19
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Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Sleep…

SNBR

Sleep Number

$46.69

0.48 (1.04%)

UAL

United Airlines

$87.90

0.9 (1.03%)

MCK

McKesson

$138.17

4.01 (2.99%)

ABC

AmerisourceBergen

$83.18

1.6 (1.96%)

CAH

Cardinal Health

$47.93

1.16 (2.48%)

FULT

Fulton Financial

$15.90

0.19 (1.21%)

ETN

Eaton

$82.16

1.29 (1.60%)

SFIX

Stitch Fix

$20.83

-0.38 (-1.79%)

MGM

MGM Resorts

$27.87

-0.1 (-0.36%)

JBHT

J.B. Hunt

$111.65

1.985 (1.81%)

IBKR

Interactive Brokers

$47.43

0.26 (0.55%)

RYTM

Rhythm Pharmaceuticals

$20.90

0.52 (2.55%)

PRQR

ProQR Therapeutics

$6.21

-0.09 (-1.43%)

NTRA

Natera

$39.21

1.01 (2.64%)

PRNB

Principia Biopharma

$29.88

0.7 (2.40%)

X

U.S. Steel

$11.43

0.27 (2.42%)

ARCE

Arco Platform

$48.15

0.75 (1.58%)

TW

Tradeweb Markets

$39.79

-0.14 (-0.35%)

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  • 15

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    Oct

KKR

KKR

$26.79

0.67 (2.57%)

, DB

Deutsche Bank

$7.79

0.235 (3.11%)

18:21
10/15/19
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18:21
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18:21
Periodicals
KKR, partners cancel Latitude Financial IPO, Reuters reports »

KKR (KKR) and its…

KKR

KKR

$26.79

0.67 (2.57%)

DB

Deutsche Bank

$7.79

0.235 (3.11%)

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  • 15

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TW

Tradeweb Markets

$39.79

-0.14 (-0.35%)

18:20
10/15/19
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10/15/19
18:20
Hot Stocks
Breaking Hot Stocks news story on Tradeweb Markets »

Tradeweb Markets sees Q3…

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  • 07

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TW

Tradeweb Markets

$39.79

-0.14 (-0.35%)

18:17
10/15/19
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18:17
10/15/19
18:17
Syndicate
Tradeweb Markets files to sell 14.8M shares of Class A common stock »

Refinitiv will continue…

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TW

Tradeweb Markets

$39.79

-0.14 (-0.35%)

18:16
10/15/19
10/15
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10/15/19
18:16
Earnings
Tradeweb Markets sees Q3 adjusted EPS 27c, consensus 25c »

Sees Q3 revenue $200.98M,…

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  • 07

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EDIT

Editas Medicine

$20.30

0.48 (2.42%)

18:15
10/15/19
10/15
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18:15
Hot Stocks
Editas Medicine, AskBio enter research collaboration over in vivo delivery »

Editas Medicine and…

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WYNN

Wynn Resorts

$114.78

2.43 (2.16%)

18:03
10/15/19
10/15
18:03
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18:03
Periodicals
NV regulators want to ban Steve Wynn from NV casino industry, Reuters says »

The Nevada Gaming Control…

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SFIX

Stitch Fix

$20.83

-0.38 (-1.79%)

18:00
10/15/19
10/15
18:00
10/15/19
18:00
Hot Stocks
Stitch Fix director buys 150K shares of common stock »

In a regulatory filing,…

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  • 22

    Oct

NTRA

Natera

$39.21

1.01 (2.64%)

17:48
10/15/19
10/15
17:48
10/15/19
17:48
Syndicate
Natera files to sell $175M of common stock »

J.P. Morgan, Morgan…

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AQST

Aquestive Therapeutics

$3.36

0.2 (6.33%)

17:45
10/15/19
10/15
17:45
10/15/19
17:45
Earnings
Aquestive backs FY19 revenue $38M-$45M, consensus $42.82M »

Aquestive Therapeutics…

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