JPMorgan analyst Jeffrey Zekauskas upgraded LyondellBasell (LYB) to Neutral from Underweight and Westlake Chemical (WLK) to Overweight from Neutral. He also lowered his price target for Neutral-rated Dow Inc. (DOW) to $40 from $49. After falling 17% since July 2019, shares of LyondellBasell have reached the analyst's price target. He views the stock's current valuation as fair. Zekauskas is more positive on Westlake, a company he views as well-managed asset and thinks it would be more valuable in a "firmer economy." He sees a better than even chance of caustic soda price increases passing through.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here