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Olin price target lowered to $22 from $25 at Wells Fargo

Wells Fargo lowered the firm’s price target on Olin (OLN) to $22 from $25 and keeps an Equal Weight rating on the shares. The firm notes Q4 took another step down given ongoing headwinds across all of its market, with incremental costs on the horizon from inventory reduction efforts and planned turnarounds.

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