Follow-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
Check below for free stories on OLN the last two weeks.
U.S. seen becoming net chemical exporter on shale boom, FT says The American Chemistry Council forecasts net U.S. chemical exports of about $2.7B this year and expects exports to rise 45% over the next five years to almost $30B by 2018, reported Financial Times. That would represent a record surplus of about $68B in five years, excluding a deficit of about $40B in pharmaceuticals, the report added. Reference Link