MainStay DefinedTerm Municipal Opportunities Fund (MMD) Is At $19.39 Formed Wedge; 8 Analysts Covering Olin (OLN)

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Among 10 analysts covering Olin Corp (NYSE:OLN), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Olin Corp had 16 analyst reports since January 3, 2018 according to SRatingsIntel. The company was maintained on Thursday, January 25 by RBC Capital Markets. J.P. Morgan initiated the stock with “Buy” rating in Friday, March 9 report. The stock has “Buy” rating by Susquehanna on Friday, March 23. As per Monday, February 12, the company rating was maintained by SunTrust. The company was maintained on Thursday, February 8 by Susquehanna. Nomura downgraded the stock to “Neutral” rating in Friday, April 20 report. The company was upgraded on Wednesday, January 3 by Vertical Research. The stock has “Buy” rating by Cowen & Co on Friday, February 9. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, April 17 report. Morgan Stanley maintained Olin Corporation (NYSE:OLN) on Monday, February 12 with “Overweight” rating. See Olin Corporation (NYSE:OLN) latest ratings:

11/06/2018 Broker: RBC Capital Markets Rating: Hold New Target: $34.0000 Downgrade
20/04/2018 Broker: Nomura Old Rating: Buy New Rating: Neutral Old Target: $40 Downgrade
17/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $37.0000 Maintain
10/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $40 New Target: $38 Maintain
23/03/2018 Broker: Susquehanna Rating: Buy New Target: $41.0000 Maintain
09/03/2018 Broker: JP Morgan Rating: Overweight New Target: $36 Initiates Coverage On
09/03/2018 Broker: J.P. Morgan Rating: Buy New Target: $36.0 Initiate
12/02/2018 Broker: SunTrust Rating: Buy New Target: $43.0 Maintain
12/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $45 New Target: $41 Maintain
09/02/2018 Broker: Cowen & Co Rating: Buy New Target: $41.0 Maintain

MainStay DefinedTerm Municipal Opportunities Fund (MMD) formed wedge up with $20.36 target or 5.00% above today’s $19.39 share price. MainStay DefinedTerm Municipal Opportunities Fund (MMD) has $ valuation. The stock decreased 0.15% or $0.03 during the last trading session, reaching $19.39. About 45,833 shares traded. MainStay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) has declined 0.15% since July 1, 2017 and is downtrending. It has underperformed by 12.72% the S&P500.

Investors sentiment decreased to 1.6 in 2018 Q1. Its down 0.78, from 2.38 in 2017Q4. It worsened, as 1 investors sold MainStay DefinedTerm Municipal Opportunities Fund shares while 9 reduced holdings. 3 funds opened positions while 13 raised stakes. 3.59 million shares or 2.80% more from 3.49 million shares in 2017Q4 were reported. First Trust Advsr L P reported 61,253 shares. Us Fincl Bank De has 0% invested in MainStay DefinedTerm Municipal Opportunities Fund (NYSE:MMD). Raymond James And Associates holds 500,365 shares or 0.02% of its portfolio. Morgan Stanley invested in 0% or 592,590 shares. Retail Bank Of America Corporation De accumulated 803,022 shares. Lpl Financial Limited Liability Corporation invested in 19,924 shares. Royal Commercial Bank Of Canada holds 114,164 shares. Thomas J Herzfeld Advsr has invested 0.01% in MainStay DefinedTerm Municipal Opportunities Fund (NYSE:MMD). Pnc Group holds 0% or 9,060 shares in its portfolio. Guggenheim Cap Lc stated it has 215,798 shares or 0.01% of all its holdings. Stifel Fin has invested 0% of its portfolio in MainStay DefinedTerm Municipal Opportunities Fund (NYSE:MMD). Botty Invsts Ltd Liability Corporation holds 0.02% in MainStay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) or 2,460 shares. Citigroup invested 0% in MainStay DefinedTerm Municipal Opportunities Fund (NYSE:MMD). Ameriprise Financial, a Minnesota-based fund reported 14,984 shares. Raymond James Fincl Service Advsrs accumulated 176,703 shares.

Olin Corporation manufactures and distributes chemical products in the United States and internationally. The company has market cap of $4.80 billion. It operates through three divisions: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. It has a 8.72 P/E ratio. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, and potassium hydroxide.

Another recent and important Olin Corporation (NYSE:OLN) news was published by Globenewswire.com which published an article titled: “Report: Developing Opportunities within Axon Enterprise, Old Dominion Freight Line, Pennsylvania Real Estate …” on June 15, 2018.

Since February 12, 2018, it had 4 buys, and 2 sales for $46,190 activity. The insider MCINTOSH JOHN L sold $286,889. Shares for $198,397 were bought by BOGUS DONALD W on Friday, February 16. Another trade for 500 shares valued at $15,445 was bought by LARRIMORE RANDALL W. The insider Curley Stephen C sold 6,250 shares worth $206,250. Shipp Earl L also bought $208,083 worth of Olin Corporation (NYSE:OLN) shares.

Olin Corporation (NYSE:OLN) Institutional Positions Chart