Wells Fargo Reaffirms Their Hold Rating on Olin (OLN)
Wells Fargo analyst Michael Sison maintained a Hold rating on Olin today and set a price target of $22.00.
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According to TipRanks, Sison is an analyst with an average return of -2.8% and a 39.05% success rate. Sison covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, Air Products and Chemicals, and Albemarle.
In addition to Wells Fargo, Olin also received a Hold from Citi’s Patrick Cunningham in a report issued today. However, on December 15, Morgan Stanley maintained a Sell rating on Olin (NYSE: OLN).
Based on Olin’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.71 billion and a net profit of $43 million. In comparison, last year the company earned a revenue of $1.59 billion and had a GAAP net loss of $24.9 million
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OLN in relation to earlier this year. Last month, TERESA M VERMILLION, the VP & Treasurer of OLN sold 4,500.00 shares for a total of $93,825.00.
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