Olin price target lowered to $52 from $61 at RBC Capital

RBC Capital analyst Arun Viswanathan lowered the firm’s price target on Olin to $52 from $61 and keeps an Outperform rating on the shares. The company posted a “slight miss” on Q2, though Q3’s $100M of impact from Hurricane Beryl and the reduced chlor-alkali demand outlook has reduced the firm’s expectations for a robust earnings recovery in the second half, the analyst tells investors in a research note.