LyondellBasell Industries (LYB) Posts Mixed Q1 Results

Go back to LyondellBasell Industries (LYB) Posts Mixed Q1 Results

LyondellBasell (LYB) PT, Estimates Raised at Piper Jaffray Post Q1

April 27, 2015 7:51 AM EDT

Piper Jaffray analyst Mike Ritzenthaler raised estimates and his price target on LyondellBasell Industries (NYSE: LYB) to $109.00 (from $87.00) following Q1 results but maintained a Neutral rating. The analyst noted Olefins/Polyolefins margins resiliency.

commented, "We maintain our Neutral rating and lift our target to $109... More