LyondellBasell Industries (LYB) Q3 Results Should Show Improvements - Jeffereis

Analysts at Jefferies reiterated a Buy rating on chemical and refining company, LyondellBasell Industries (NYSE: LYB), and raised their price target to $61.00 (from $52.00). They also raised 2012 estimates by $0.10 to $5.35. Q3 estimates increased by 0.17 to $1.50

"We are raising our Q3 estimate as higher North American ethylene margins and better-than-expected refinery margins should more than offset a softer margin environment in Europe," said analyst Laurence Alexander.

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 $52.04 yesterday.

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