BMO Capital Reiterates Market Perform Rating on Oiln (OLN) Following Merger

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."

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 $23.81 yesterday.

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