Olin price target raised to $74 from $66 at RBC Capital

RBC Capital analyst Arun Viswanathan raised the firm’s price target on Olin to $74 from $66 and keeps an Outperform rating on the shares after its Q4 earnings beat. The analyst cites the company having reiterated its recession base case scenario to generate $1.5B-$2B in EBITDA and $1B+ in levered free cash flows while also noting its focus on preserving value over selling into lower margin markets. A recovery in China and Europe would also be very beneficial to Olin’s Epoxy and EDC margins, the firm tells investors in a research note.