Olin price target raised to $26 from $23 at Mizuho

Mizuho analyst John Roberts raised the firm’s price target on Olin (OLN) to $26 from $23 and keeps a Neutral rating on the shares. The firm adjusted price targets in the chemicals and packaging group as part of a Q3 earnings preview. Futures indicate a lower U.S. natural gas-based advantage, which could weigh on petrochemical profits, the analyst tells investors in a research note. Mizuho’s top picks remain in the specialty and defensive categories. Its top picks are Sealed Air (SEE), IFF (IFF) and Ecolab (ECL).