LyondellBasell beats quarterly profit estimates, expects margins to improve
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LyondellBasell Industries (LYB) PT Lowered to $91 at Wolfe Research
August 5, 2024 9:29 AM EDTWolfe Research analyst Chris Parkinson lowered the price target on LyondellBasell Industries (NYSE: LYB) to $91.00 (from $93.00) while maintaining a Underperform rating.
The analyst comments "As of Friday August 2nd, LYB shares have declined 0.7% YTD vs. the S&P 500 at +12.1%, XLB at +5.3% and our Wolfe Commodity Chemical Index at -7.9%. LYB is trading at ~7.3x consensus NTM EBITDA, which is roughly inline with its... More
