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Fly News Breaks for October 12, 2015
LYB
Oct 12, 2015 | 06:57 EDT
Macquarie downgraded LyondellBasell to Neutral from Outperform. Analyst Cooley May sees downside risk to 2016 profits and his 2016 EBITDA estimate of $6.9B is below consensus of $7.4B as profits across LyondellBasell's businesses move lower. May views risk/reward as balanced at current levels and maintained his $99 price target on shares.
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