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January 31, 2013
11:24 EDTOLNFollow-up: Olin Corp. upgraded to Outperform at Wells Fargo
Wells Fargo upgraded Olin Corp. (OLN) to Outperform from Market Perform citing Dow Chemical's (DOW) announcement that it would shutter excess chloralkali capacity. The firm believes Dow's announcement removes a key overhang on shares of Olin Corp. and raised its price target range for the stock to $26-$28 from $21-$23.
News For OLN From The Last 14 Days
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October 23, 2014
17:41 EDTOLNOlin Corp. sees Q4 EPS 20c-25c, consensus 33c
Chlor Alkali Q4 earnings are expected to improve compared to 4Q13 due to higher volumes and lower operating costs, partially offset by lower ECU netbacks. Q4 Chemical Distribution earnings are expected to improve from 4Q13. Earnings in the Winchester segment are expected to decline from the record 4Q13 levels, but are expected to be similar to 4Q12 levels. Q4 earnings are also expected to include pretax restructuring charges of approximately $1M. As a result of the continued weaker than expected chlorine and caustic soda demand and pricing, the company has revised its full year adjusted EBITDA forecast to the $345M-$365M range.
17:38 EDTOLNOlin Corp. reports Q3 EPS 33c, consensus 42c
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