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Fly News Breaks for May 9, 2017
LYB
May 9, 2017 | 08:01 EDT
Vertical Research analyst Kevin McCarthy upgraded LyondellBasell to Buy with a $93 price target to reflect recent share weakness. He believes risk/reward is turning more favorable given the likelihood of a more balanced and opportunistic approach to M&A, a "spring loaded" operational profile with various maintenance and expansion projects now complete, and attractive valuation with the highest dividend yield among US chemical stocks at 4.2%.
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