UPDATE: Jefferies Raises PT on LyondellBasell (LYB), Dow Chemical (DOW) & Eastman Chemical (EMN)
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Price: $99.70 +0.55%
Rating Summary:
13 Buy, 17 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 19
Rating Summary:
13 Buy, 17 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 19
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(Updated - January 4, 2013 11:53 AM EST)
Falling feedstock costs should insulate chemical and refining company, LyondellBasell (NYSE: LYB), from weaker demand prospects in the first half of 2013, according to analysts at Jefferies.
The company has faced headwinds related to deceleration in the EU, increasing consumer risk aversion in the US, and destocking in Latin America. Analyst Laurence Alexander thinks many of these challenges are discounted in the stock's price and to some extent will be offset by favorable raw material trends in the US and improvements in refinery margins.
Eastman Chemical (NYSE: EMN) and Dow Chemical (NYSE: DOW) should benefit from many of the same trends.
Jefferies reiterated a Buy rating on LyondellBasell Industries and raised its price target to $68.00 (from $63.00).
Jefferies reiterated a Hold rating on Eastman Chemical and raised its price target to $71 (from $61).
Jefferies reiterated a Hold rating on Dow Chemical and raised its price target to $34 (from $29).
For an analyst ratings summary and ratings history on LyondellBasell Industries (NYSE: LYB) click here. For more ratings news on LyondellBasell Industries click here.
Shares of LyondellBasell Industries closed at $57.64 yesterday.
Falling feedstock costs should insulate chemical and refining company, LyondellBasell (NYSE: LYB), from weaker demand prospects in the first half of 2013, according to analysts at Jefferies.
The company has faced headwinds related to deceleration in the EU, increasing consumer risk aversion in the US, and destocking in Latin America. Analyst Laurence Alexander thinks many of these challenges are discounted in the stock's price and to some extent will be offset by favorable raw material trends in the US and improvements in refinery margins.
Eastman Chemical (NYSE: EMN) and Dow Chemical (NYSE: DOW) should benefit from many of the same trends.
Jefferies reiterated a Buy rating on LyondellBasell Industries and raised its price target to $68.00 (from $63.00).
Jefferies reiterated a Hold rating on Eastman Chemical and raised its price target to $71 (from $61).
Jefferies reiterated a Hold rating on Dow Chemical and raised its price target to $34 (from $29).
For an analyst ratings summary and ratings history on LyondellBasell Industries (NYSE: LYB) click here. For more ratings news on LyondellBasell Industries click here.
Shares of LyondellBasell Industries closed at $57.64 yesterday.
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