Barclays Maintains an 'Overweight' on LyondellBasell (LYB); Recent Dip Provides Buying Opportunity
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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
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Barclays maintains an 'Overweight' on LyondellBasell Industries (NYSE: LYB) price target from $55 to $59.
Analyst, Duffy Fischer, said, "We thought LYB was an attractive asset at
$26.3bn on 4/29 and we think it is an even more attractive asset at $24.0bn on 5/1. When we step back and look at the forest through the trees, we see LYB remaining the best investment opportunity in our space."
Fischer gives five reasons to Buy the stock including: 1) ethylene cycle is still ahead; 2) shale gas provides advantage; 3) great reinvestment opportunity set; 4) free cash flow; and 5) great management.
Barclays raises FY12 EPS estmate from $4.60 to $4.80 and FY13 from $5.55 to $5.86.
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 $41.78 yesterday.
Analyst, Duffy Fischer, said, "We thought LYB was an attractive asset at
$26.3bn on 4/29 and we think it is an even more attractive asset at $24.0bn on 5/1. When we step back and look at the forest through the trees, we see LYB remaining the best investment opportunity in our space."
Fischer gives five reasons to Buy the stock including: 1) ethylene cycle is still ahead; 2) shale gas provides advantage; 3) great reinvestment opportunity set; 4) free cash flow; and 5) great management.
Barclays raises FY12 EPS estmate from $4.60 to $4.80 and FY13 from $5.55 to $5.86.
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 $41.78 yesterday.
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