UBS Raises Price Target and EPS Estimate on LyondellBasell Industries (LYB); Use Dip As Buying Opportunity

UBS maintains a 'Buy' on LyondellBasell Industries (NYSE: LYB) price target raised $1 to $51.

Analyst, Andrew W. Cash, said, "LYB is a favorite of ours because there are multiple reasons its total return could beat the market. We expect LYB to benefit from a low WTI oil-to-US gas price ratio, internal self-help projects, strategic actions, and return a generous portion of its free cash flow to shareholders...With management’s prudent use of free cash flow, we expect investors to see a minimum return of 10% per year for the next few years, assuming a flat stock market." (Raises FY13 EPS estimate from $5.05 to $6.00)

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 $38.96 yesterday.

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