UPDATE: Credit Suisse Starts Oiln (OLN) at Underperform

September 6, 2022 12:18 AM EDT
Get Alerts OLN Hot Sheet
Price: $57.89 -0.24%

Rating Summary:
    18 Buy, 8 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 5 | New: 0
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(Updated - September 6, 2022 5:15 AM EDT)

Credit Suisse analyst John Roberts initiates coverage on Oiln (NYSE: OLN) with a Underperform rating and a price target of $51.00.

The analyst comments "Underperform Rating Based on Chlor-Alkali Outlook: OLN is significantly exposed to chlorine, caustic soda, and ethylene dichloride (EDC), which we believe will face supply/demand pressure. We believe the impact of higher interest rates globally will cause a slowdown in demand for chlor-alkali end markets, and ultimately will decrease OLN’s earnings going forward."

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 $53.41 yesterday.

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