Olin (OLN) was upgraded to a Buy Rating at Wells Fargo
In a report released today, Michael Sison from Wells Fargo upgraded Olin to a Buy, with a price target of $25.00.
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According to TipRanks, Sison is an analyst with an average return of -1.3% and a 41.80% success rate. Sison covers the Basic Materials sector, focusing on stocks such as Albemarle, Air Products and Chemicals, and Celanese.
Olin has an analyst consensus of Hold, with a price target consensus of $23.77.
Based on Olin’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.67 billion and a GAAP net loss of $85.7 million. In comparison, last year the company earned a revenue of $1.67 billion and had a net profit of $10.7 million
Based on the recent corporate insider activity of 29 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, Deon Carter, the VP & President CAPV of OLN sold 6,500.00 shares for a total of $154,180.00.
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