Morgan Stanley analyst Vincent Andrews maintains $Olin (OLN.US)$ with a sell rating, and maintains the target price at $41.
According to TipRanks data, the analyst has a success rate of 64.3% and a total average return of 5.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Olin (OLN.US)$'s main analysts recently are as follows:
An affordable valuation is counterbalanced by ongoing potential declines in earnings, with the observation that end-markets are still performing sluggishly. While China's limited stimulus measures offer some advantage, they are not sufficient to markedly improve Olin's operating rates.
The recent reduction in the firm's price expectation for Olin reflects the dissipation of optimism previously associated with 'Scott Sutton bump'. Currently, there appears to be no urgent reason to acquire the shares given the prevalent uncertainty, particularly with the anticipation of the investor day event in December.
Post-Q3 results, there is an expectation of a 'weaker' second-half EBITDA for the company, primarily due to the increased impact from Hurricane-related factors. Despite this, there remains a positive outlook on the company's prospects, with the belief that it holds 'strong leverage' to a demand recovery and presents minimal downside risk at its current trading levels.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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