Jefferies & Company Reiterates Buy Rating, $52 PT for LyondellBasell Industries
In a report published earlier today, Jefferies & Company, Inc. reiterated its Buy rating and $52.00 price target for LyondellBasell Industries (NYSE: LYB).
Jefferies & Company went on to say “Absent a sharp bounce in oil prices, ethylene margins should be hard-pressed to grow YoY in 2013E. Deteriorating demand prospects suggest a more jagged path to the peak of the cycle, and risk the timing of the peak slips back.”
LyondellBasell Industries closed yesterday at $39.26.
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