Citi Downgrades LyondellBasell Industries (LYB) to Neutral

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JPMorgan Downgrades LyondellBasell Industries (LYB) to Underweight

September 19, 2018 5:33 AM EDT

JPMorgan analyst Jeffrey Zekaukas downgraded LyondellBasell Industries (NYSE: LYB) from Neutral to Underweight with a price target of $95.00 (from $110.00).

The analyst says the recent sharp rise in feedstock costs for the company puts the consensus view in jeopardy, which called for a... More