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OLN

Olin

$18.27

-0.245 (-1.32%)

16:39
10/15/19
10/15
16:39
10/15/19
16:39

Olin initiated with a Market Perform at Wells Fargo

Wells Fargo analyst Michael Sison initiated coverage of Olin with a Market Perform rating and $21 price target. The analyst contends that the company's commodity chemical portfolio is "attractive", but its near term pricing is not improving as fast as expected amid the weak overall demand environment. If the pricing improves however, Sison is positive on Olin's #1 global position in Chlor-Alkali with the lowest cost global footprint.

  • 01

    Nov

OLN Olin
$18.27

-0.245 (-1.32%)

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.
10/09/19
SBSH
10/09/19
DOWNGRADE
Target $19
SBSH
Neutral
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.
10/15/19
WELS
10/15/19
INITIATION
Target $21
WELS
Market Perform
Olin initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Michael Sison initiated coverage of Olin with a Market Perform rating and $21 price target.

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MRTX

Mirati Therapeutics

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CGC

Canopy Growth

$15.64

-2.88 (-15.55%)

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  • 14

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    Nov

I

Intelsat

$12.10

-2.31 (-16.03%)

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  • 10

    Dec

CTRA

Contura Energy

$10.25

-7.9 (-43.53%)

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  • 14

    Nov

GFF

Griffon

$24.95

3.23 (14.87%)

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PING

Ping Identity

$18.90

2.4 (14.55%)

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  • 19

    Nov

IGT

International Game

$15.31

2.39 (18.50%)

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  • 14

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ACN

Accenture

$194.94

0.43 (0.22%)

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  • 19

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VOD

Vodafone

$20.50

-0.61 (-2.89%)

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TMO

Thermo Fisher

$298.18

-1.72 (-0.57%)

, QGEN

Qiagen

$36.88

1.36 (3.83%)

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TMO

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$298.18

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QGEN

Qiagen

$36.88

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  • 02

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    Dec

WORK

Slack Technologies

$21.18

-0.12 (-0.56%)

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Options
Slack put volume heavy and directionally bearish »

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  • 04

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