BofA/Merrill Lynch Downgrades LyondellBasell Industries (LYB) to Neutral

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January 26, 2015 6:34 AM EST
Get Alerts LYB Hot Sheet
Price: $62.40 -0.64%

Rating Summary:
    14 Buy, 15 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 16 | New: 9
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BofA/Merrill Lynch downgraded LyondellBasell Industries (NYSE: LYB) from Buy to Neutral with a price target of $98.00 (from $117.00).

Analyst Kevin McCarthy views the risk-reward as more balanced given the decline in crude oil and the implications for sustainability of recur U.S. ethylene/PE margins.

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 $80.80 yesterday.


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