UBS Maintains a 'Neutral' on Oiln (OLN); Adjusting Estimates and PT After Q1 Beat

UBS maintains a 'Neutral' on Oiln (NYSE: OLN) price target raised from $21.25 to $22.50.

Analyst, Andrew W. Cash, said, "Reported EPS of $0.48 is ahead of consensus...Lower costs provide earnings tailwind despite flat chlor-alkali pricing...We are increasing our 2012 estimate to $2.20 from $2.10 on the basis of the Q1 beat, the improved outlook for chlor-alkali margins, and incrementally better Winchester performance. Our forecast for 2Q EPS is $0.57, a bit ahead of the company’s guidance range of $0.50 to $0.55."

(FY13 EPS estimate lowered from $2.45 to $2.35)

For an analyst ratings summary and ratings history on Oiln click here. For more ratings news on Oiln click here.

Shares of Oiln closed at $21.60 yesterday.

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