BMO Capital analyst Bhavesh Lodaya reiterated a Market Perform rating and $30.00 price target on Oiln (NYSE: OLN).

The analyst commented: "Olin and Huntsman announced an all-stock merger of equals to create OlinHuntsman. The strategic deal moves OLN ahead on its path to move value further downstream and pairs their chlor-alkali assets with HUN's downstream products. Close expected in 1H27 and management expects $300mm in mid-term synergies. While the deal comes as a bit of a surprise, execution around footprint optimization and cost synergies should create shareholder value. We reiterate our Market Perform rating given near-mid term macro trends and higher balance sheet leverage."

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Shares of Oiln closed at $23.81 yesterday.