UPDATE: RBC Capital Upgrades Oiln (OLN) to Outperform

March 26, 2021 1:34 AM EDT
Get Alerts OLN Hot Sheet
Price: $39.75 -3.12%

Rating Summary:
    13 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 17 | New: 52
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(Updated - March 26, 2021 5:13 AM EDT)

RBC Capital analyst Arun Viswanathan upgraded Oiln (NYSE: OLN) from Sector Perform to Outperform with a price target of $56.00 (from $26.00).

The analyst comments "We are upgrading OLN to Outperform from Sector Perform based on: 1) OLN's quicker than expected success in implementing its new strategy to focus on maximizing ECU value by matching production to actual demand; 2) improving chlor-alkali fundamentals in 2021-22; and 3) better than expected Epoxy and Winchester growth in 2021."

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 $36.32 yesterday.

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