Olin price target lowered to $64 from $67 at Citi

Citi analyst Patrick Cunningham lowered the firm’s price target on Olin to $64 from $67 and keeps a Buy rating on the shares following the Q1 report. The analyst says the chlor alkali products and vinyls volume recovery is expected to be more pronounced than price and as Olin highlighted it will not be pushing volume into the market but will instead adjust operating rates to account for seasonal volume step-up.