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Fly News Breaks for June 13, 2016
LYB
Jun 13, 2016 | 06:33 EDT
Cowen analyst Charles Neivert downgraded LyondellBasell to Market Perform to reflect margin pressure which could last into 2018 as chemical pricing gets more challenging due to higher costs, increased capacity, and slower demand growth. The analyst lowered his earnings outlook for LyondellBasell and reduced its price target to $87 from $105.
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