BofA/Merrill Lynch Downgrades LyondellBasell Industries (LYB) to Neutral

BofA/Merrill Lynch downgraded LyondellBasell Industries (NYSE: LYB) from Buy to Neutral with a price target of $98.00 (from $117.00).

Analyst Kevin McCarthy views the risk-reward as more balanced given the decline in crude oil and the implications for sustainability of recur U.S. ethylene/PE margins.

For an analyst ratings summary and ratings history on LyondellBasell Industries click here. For more ratings news on LyondellBasell Industries click here.

Shares of LyondellBasell Industries closed at $80.80 yesterday.

You May Also Be Interested In

• HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
• Westamerica Bancorp (WABC) PT Lowered to $50 at Piper Sandler
• Uber Inc. (UBER) PT Raised to $96 at Tigress Financial Partners