Market Overview

UPDATE: Morgan Stanley Raises LyondellBasell's PT

Share:
Related LYB
Earnings Scheduled For April 24, 2015
Fast Money Picks For March 9
LyondellBasell's (LYB) CEO Bob Patel on Q1 2015 Results - Earnings Call Transcript (Seeking Alpha)

According to a research report published this morning, Morgan Stanley has increased LyondellBasell Industries' (NYSE: LYB) PT from $48 to $53.

Morgan Stanley commented in the report, "While we have long been a believer that ethane would ultimately "go long", we previously were uncomfortable assigning a timeframe to this. Now, we have incremental conviction that ethane prices are likely to drift higher between now and 1H13 (though with propane providing a lower and lower ceiling) and then "go long" as we enter 2H13."

Morgan Stanley maintains its Overweight rating on LyondellBasell, which is currently trading at $41.16.

Latest Ratings for LYB

DateFirmActionFromTo
Mar 2015Argus ResearchInitiates Coverage onHold
Feb 2015CitigroupDowngradesBuyNeutral
Feb 2015Deutsche BankMaintainsBuy

View More Analyst Ratings for LYB
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Related Articles (LYB)

Around the Web, We're Loving...