Olin price target raised to $72 from $55 at Piper Sandler

Piper Sandler raised the firm’s price target on Olin to $72 from $55 and keeps an Overweight rating on the shares. The firm believes Olin presents some of the more compelling upside value in its chemical coverage universe. The strategy of massively reducing operating rates to stabilize pricing in the caustic soda and chlorine was a high-risk move but seems to have already achieved some degree of success in the markets, Piper says.