Olin price target lowered to $60 from $64 at Barclays

Barclays lowered the firm’s price target on Olin to $60 from $64 and keeps an Overweight rating on the shares. CEO Scott Sutton has been one of the best value creators in chemicals over his three years at Olin, and his surprise departure leads to investor concern that it portends negative developments, the analyst tells investors in a research note. The firm cites increased market concern for the target drop.