Deutsche Bank raised its price target on LyondellBasell Industries (NYSE: LYB) to $94.00 (from $90.00) while maintaining a Buy rating. LYB reporyed a 7% EPS beat on record results in Europe and management provided a positive '17 outlook.

Lyondell expects to deliver strong 2017 results as it has no major planned maintenance outages for the remainder of the year, global demand is expected to remain good and support strong global operating rates and there have been delays in new US derivatives capacity.