LyondellBasell Industries (LYB) Tops Q2 EPS by 5c

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Nomura Securities Remains Sidelined on LyondellBasell Industries (LYB) Following 2Q - PT to $82

August 1, 2016 10:03 AM EDT

Nomura Securities reiterated a Neutral rating on LyondellBasell Industries (NYSE: LYB), and cut the price target to $82.00 (from $85.00), following the company's 2Q earnings report. LYB reported adjusted EPS of $2.45, below the consensus estimates of $2.51. Nomura cut 2016 EPS estimates by $0.24 to $9.25, but raise 2017 by $0.80 to... More