BofA/Merrill Lynch Downgrades LyondellBasell Industries (LYB) to Neutral
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Price: $58.42 +0.17%
Rating Summary:
13 Buy, 16 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 8
Rating Summary:
13 Buy, 16 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 8
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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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