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Stock Market & Financial Investment News

News Breaks
January 31, 2013
13:32 EDTOLNOlin rallies after Wells ups rating on Dow production cut
Olin Corporation (OLN) is climbing after Dow Chemicals (DOW) stated that it would shut down some of its chloralkali production capacity, according to Wells Fargo. A chemical process used to develop chlorine, sodium hydroxide and hydrogen, chloralkali is a major part of Olin's business. In a note to investors earlier today, Wells Fargo analyst Frank Mitsch wrote that Dow Chemicals stated that it would close some of its chloralkali production capacity later this year. Dow does plan to launch a new chloralkali production facility in 2013, but the company's announcement means that it will not be producing a larger total amount of chloralkali at that time, according to the analyst. Dow's announcement is positive for Olin, wrote Mitche, and he raised his rating on the stock to Outperform from Market Perform. The analyst, who believes that Olin will begin buying back some of its own shares in 2013, has a $26-$28 valuation range on the stock. In mid-afternoon trading, Olin rallied 99c, or 4.39%, to $23.52.
News For OLN From The Last 14 Days
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December 12, 2014
06:08 EDTOLNOlin Corp. to close portion of Becancour, Quebec facility, incur $10M in charges
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December 11, 2014
10:13 EDTOLNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARIAD (ARIA) downgraded at Credit Suisse... AbbVie (ABBV) downgraded to Equal Weight from Overweight at Morgan Stanley... Aimco (AIV) downgraded to Hold from Buy at KeyBanc... Anglo American (AAUKY) downgraded to Underperform from Neutral at Exane BNP Paribas... Approach Resources (AREX) downgraded at Sterne Agee... CommVault (CVLT) downgraded to Neutral from Outperform at Macquarie... Fifth Street Senior (FSFR) downgraded to Perform from Outperform at Oppenheimer... Harmonic (HLIT) downgraded to Neutral from Buy at Sidoti... Macerich (MAC) downgraded to Hold from Buy at Deutsche Bank... Newell Rubbermaid (NWL) downgraded to Outperform from Strong Buy at Raymond James... Olin Corp. (OLN) downgraded at Longbow... Penn West (PWE) downgraded to Underperform from Neutral at BofA/Merrill... Prudential plc (PUK) downgraded to Neutral from Buy at Nomura... Semiconductor Manufacturing (SMI) downgraded to Hold from Buy at Jefferies... Suncor (SU) downgraded to Neutral from Buy at BofA/Merrill... Talisman Energy (TLM) downgraded to Underperform from Neutral at BofA/Merrill... Thompson Creek (TC) downgraded to Hold from Buy at Deutsche Bank... Toll Brothers (TOL) downgraded to Underperform from Sector Perform at RBC Capital... Travelers (TRV) downgraded to Neutral from Buy at UBS... United Therapeutics (UTHR) downgraded at Credit Suisse... Vera Bradley (VRA) downgraded to Underperform from Neutral at Sterne Agee.
06:55 EDTOLNOlin Corp. downgraded at Longbow
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06:21 EDTOLNOlin Corp. downgraded to Underperform from Neutral at Longbow
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