Olin price target lowered to $48 from $54 at Fermium Research

Fermium Research analyst Frank Mitsch lowered the firm’s price target on Olin to $48 from $54 and keeps a Hold rating on the shares. The firm said that, given the macro backdrop and near-term pain, it will stand by the “mirrors on the wall,” but keep a “close eye on the heavy lifting” Olin is undertaking.