Olin price target raised to $60 from $56 at Wells Fargo

Wells Fargo analyst Michael Sison raised the firm’s price target on Olin to $60 from $56 and keeps an Equal Weight rating on the shares. While Olin has appointed a new CEO, the company may have to limit market participation to keep caustic and chlorine pricing stable given soft demand, limiting volume upside near-term, the firm says.