Market Overview

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

Share:
Related LYB
Waste Of The World: Scientists Calculate How Much Plastic Civilization Has Spawned
Benzinga's Top Upgrades, Downgrades For June 26, 2017
Washington Trust Bank Buys Vanguard Total International Stock ETF, E*TRADE Financial Corp, ... (GuruFocus)

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
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: Jefferies & Company Inc.Analyst Color Reiteration Analyst Ratings

 

Related Articles (LYB)

View Comments and Join the Discussion!