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Jefferies Maintains a 'Buy' on LyondellBasell Industries (LYB); Hanging Out at S&P 500

August 30, 2012 7:33 AM EDT
Get Alerts LYB Hot Sheet
Price: $99.68 -1.09%

Rating Summary:
    13 Buy, 17 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 12 | New: 13
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Jefferies maintains a 'Buy' on LyondellBasell Industries (NYSE: LYB) price target of $52.00.

Analyst, Laurence Alexander, said, "S&P announced that it will add LyondellBasell to the S&P 500. Our Quant Strategies Team estimates a net buy of 33m shares, or roughly 5.7% of outstanding shares or 13.5 days of volume, on September 4."

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 $47.29 yesterday.


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