Previous Close | 0.0700 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 0.7500 |
Strike | 35.00 |
Expire Date | 2024-11-15 |
Day's Range | 0.0500 - 0.1500 |
Contract Range | N/A |
Volume | |
Open Interest | 50 |
The top line of OLN's chemical businesses in Q3 decrease due to Hurricane Beryl-related sales losses.
JPMorgan lowered the firm’s price target on Olin (OLN) to $50 from $55 and keeps an Overweight rating on the shares post the Q3 report. While hurricane penalties to Olin in 2024 should total $135M in EBITDA , the absence of these factors should lead to double-digit EBITDA growth as a base case in 2025, the analyst tells investors in a research note. However, the firm says there is no particular strength in any of Olin’s end markets. Caustic soda demand is weak but prices are moving up because of