Market Overview

Jefferies & Company Reiterates Buy Rating, $52 PT for LyondellBasell Industries

Related LYB
What is Your Stock's Earnings Yield? - Screen of the Week
Morgan Stanley: Sectors To Buy As S&P 500 Poised For 2050

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.

Latest Ratings for LYB

DateFirmActionFromTo
Jul 2014JefferiesMaintainsBuy
Jul 2014CitigroupMaintainsBuy
Jul 2014Deutsche BankMaintainsBuy

View More Analyst Ratings for LYB
View the Latest Analyst Ratings

Posted-In: Jefferies & Company Inc.Analyst Color Reiteration Analyst Ratings

 

Related Articles (LYB)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters