On Nov 05, major Wall Street analysts update their ratings for $LyondellBasell Industries (LYB.US)$, with price targets ranging from $92 to $110.
J.P. Morgan analyst Jeffrey Zekauskas maintains with a buy rating, and adjusts the target price from $110 to $100.
BofA Securities analyst Steve Byrne maintains with a hold rating, and adjusts the target price from $101 to $96.
Citi analyst Patrick Cunningham, CFA maintains with a hold rating, and adjusts the target price from $100 to $92.
Barclays analyst Michael Leithead maintains with a hold rating, and adjusts the target price from $99 to $95.
Deutsche Bank analyst David Begleiter maintains with a hold rating, and adjusts the target price from $110 to $94.
Furthermore, according to the comprehensive report, the opinions of $LyondellBasell Industries (LYB.US)$'s main analysts recently are as follows:
The chemical markets are perceived to be at a 'prolonged trough' following the Q3 report.
The outlook and results for LyondellBasell's O&P - Americas continue to be largely favorable, with the strongest order books of the year reported in October. The potential for a recovery to a higher valuation is observed, supported by an attractive mid-cycle EBITDA multiple.
Expectations for the quarter were moderated in light of underwhelming earnings from comparable companies, resulting in a relatively neutral market reaction to the company's third-quarter performance shortfall and subdued fourth-quarter forecast. The positive stance on the company's shares persists, underpinned by the anticipation of a chemicals industry rebound, a robust capital return framework, and comparatively modest capital expenditures in relation to industry counterparts.
Here are the latest investment ratings and price targets for $LyondellBasell Industries (LYB.US)$ from 9 analysts:
Note:
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