UPDATE: Nomura/Instinet Downgrades Oiln (OLN) to Reduce
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Price: $16.83 +1.75%
Rating Summary:
11 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 37
Rating Summary:
11 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 37
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(Updated - January 30, 2019 4:11 AM EST)
(updated to correct current rating)
Nomura/Instinet analyst Aleksey Yefremov downgraded Oiln (NYSE: OLN) from Neutral to Reduce with a price target of $22.00 (from $23.00).
The analyst sees downside risk to earning driving by caustic soda concerns and risks in epoxy earnings in 2019 following strong supply/demand fundamentals in 2018.
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 $23.90 yesterday.
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