Olin price target lowered to $80 from $83 at Piper Sandler

Piper Sandler lowered the firm’s price target on Olin to $80 from $83 and keeps an Overweight rating on the shares. The analyst cites a slower pace of earnings recovery through 2024 for the target drop post the Q1 results. However, Olin’s significant free cash flow And conservative capital expenditures leave room for shareholder-friendly action, the analyst tells investors in a research note.