Piper Sandler analyst Charles Neivert maintains $Olin (OLN.US)$ with a buy rating, and adjusts the target price from $57 to $51.
According to TipRanks data, the analyst has a success rate of 42.7% and a total average return of -2.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Olin (OLN.US)$'s main analysts recently are as follows:
The company's performance in the second half is expected to be less robust primarily due to increased impacts from the hurricane, now estimated at $135M compared to the previous $100M. Despite this, the outlook on the company remains positive with analysts noting its solid leverage to a potential demand recovery and minimal downside risk at the current trading levels.
The company's commodity segments are persisting near their lowest performance levels, with their earnings potential further hindered by hurricane Beryl and a decline in Winchester. It's expected that the seasonal downturn in Q4 and Q1 will sustain pressure on the company, with potential signs of stabilization forecasted for mid-2025.
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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