Goldman Sachs Downgrades LyondellBasell Industries (LYB) to Neutral
Tweet
Share
E-mailGet Alerts LYB Hot Sheet
Price: $67.53 -0.84%
Rating Summary:
14 Buy, 15 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
14 Buy, 15 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Goldman Sachs downgraded LyondellBasell Industries (NYSE: LYB) from Buy to Neutral with a price target of $38.
The firm said based on lower demand assumptions reducing ethylene operating rate, price, and margin estimates.
"Ethylene stocks' relative performance is driven by forward margin expectations, in our opinion, and we now expect relatively flat ethylene chain margins," Goldman's analyst said.
For more ratings news on LyondellBasell Industries click here and for the rating history of LyondellBasell Industries click here.
Shares of LyondellBasell Industries closed at $34.02 yesterday.
The firm said based on lower demand assumptions reducing ethylene operating rate, price, and margin estimates.
"Ethylene stocks' relative performance is driven by forward margin expectations, in our opinion, and we now expect relatively flat ethylene chain margins," Goldman's analyst said.
For more ratings news on LyondellBasell Industries click here and for the rating history of LyondellBasell Industries click here.
Shares of LyondellBasell Industries closed at $34.02 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Goldman Sachs Downgrades Shanghai Jahwa United (600315:CH) to Neutral
- TD Cowen Downgrades Roots Corp. (ROOT:CN) (RROTF) to Sell
- Canaccord Downgrades Northern Star Resources (NST:AU) (NESRF) to Hold
Create E-mail Alert Related Categories
DowngradesRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
