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UPDATE: Morgan Stanley Raises LyondellBasell's PT

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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
Jun 2017HSBCInitiates Coverage OnBuy
May 2017Bank of AmericaDowngradesUnderperform
Feb 2017Evercore ISI GroupInitiates Coverage OnBuy

View More Analyst Ratings for LYB
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

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