Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on LyondellBasell Industries

Share:
Related LYB
Earnings Scheduled For February 3, 2017
8 Notable Stocks Trading Ex-Dividend Friday, November 25
–… Undervalued Stocks for the Enterprising Investor (GuruFocus)

In a report published Friday, Jefferies & Company reiterated its Buy rating on LyondellBasell Industries NV (NYSE: LYB), and raised its price target from $61.00 to $63.00.

Jefferies noted, “The debate on LyondellBasell, in our view, is shifting to the company's ability to generate FCF in what appears increasingly likely to be a weaker, more jagged ethylene peak: we forecast $15bn in 2013E-2016E. We reiterate our Buy rating.”

LyondellBasell Industries NV closed on Thursday at $55.05.

Latest Ratings for LYB

DateFirmActionFromTo
Feb 2017Evercore ISI GroupInitiates Coverage OnBuy
Feb 2017SusquehannaDowngradesPositiveNeutral
Oct 2016Tudor PickeringInitiates Coverage OnBuy

View More Analyst Ratings for LYB
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (LYB)

View Comments and Join the Discussion!