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Fly News Breaks for June 27, 2016
LYB
Jun 27, 2016 | 06:38 EDT
RBC Capital analyst Arun Viswanathan downgraded LyondellBasell to Sector Perform and lowered its price target to $84 from $100. The analyst sees limited near-term catalysts given soft ethylene and polyethylene momentum and is cautious on the large increase of ethylene capacity in 2017/18 and potentially higher ethane prices, combined with higher capex needs.
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