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LYB

LyondellBasell

$98.29

1.18 (1.22%)

11:32
10/12/18
10/12
11:32
10/12/18
11:32

LyondellBasell upgraded to Buy from Hold at Standpoint Research

  • 13

    Nov

LYB LyondellBasell
$98.29

1.18 (1.22%)

09/19/18
JPMS
09/19/18
DOWNGRADE
Target $95
JPMS
Underweight
JPMorgan downgrades LyondellBasell to Underweight amid rising feedstock costs
JPMorgan analyst Jeffrey Zekauskas downgraded LyondellBasell to Underweight from Neutral and lowered his price target for the shares to $95 from $110. Consensus expectations have the company facing a "shallow trough" in petrochemical pricing leading to flat to lower consolidated EBITDA in 2019, Zekauskas tells investors in a research note. The analyst, however, believes the recent sharp rise in feedstock costs for Lyondell, particularly due to the rise in the price of ethane, alters this view. He believes raw material volatility undermines confidence in LyondellBasell's business forecasts for 2019 and that this uncertainty "will lead to a somewhat lower trading multiple."
09/19/18
09/19/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. LyondellBasell (LYB) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying consensus expectations have the company facing a "shallow trough" in petrochemical pricing leading to flat to lower consolidated EBITDA in 2019. 2. Platform Specialty Products (PAH) downgraded to Neutral from Buy at Citi with analyst Daniel Jester saying the stock could trade range-bound in the near-term as investors await the closing of the Ag transaction by late 2018 or early 2019. 3. KBR (KBR) downgraded to Neutral from Outperform at Macquarie with analyst Sameer Rathod saying he thinks tariffs between U.S. and China will cause uncertainty and hydrocarbon price increases, triggering delays in finalizing new US LNG projects. 4. OMA Airports (OMAB) downgraded to Hold from Buy at Santander. 5. Nokia (NOK) downgraded to Underperform from Neutral at Exane BNP Paribas with the firm saying they expect a miss on 6%-9% 2018 Networks margin guidance and prefers Ericsson (ERIC) given share gains, self-help measures, and cautious consensus expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/25/18
SUSQ
09/25/18
NO CHANGE
Target $87
SUSQ
Positive
Chemical company estimates cut due to higher ethane prices at Susquehanna
Susquehanna analyst Don Carson cut his estimates on several chemical maker companies to reflect higher ethane prices. The analyst noted ethane prices have nearly doubled since June, which has increased ethylene production costs. Carson lowered his estimates and price targets on the following chemical companies; DowDuPont (DWDP), LyondellBasell (LYB), Olin Corp. (OLN), and Westlake Chemical (WLK).
09/26/18
NOMU
09/26/18
DOWNGRADE
Target $76
NOMU
Neutral
Nomura Instinet downgrades DowDuPont to Neutral with $76 target
Nomura Instinet analyst Aleksey Yefremov downgraded DowDuPont (DWDP) to Neutral from Buy and lowered his price target for the shares to $76 from $81. The analyst lowered his estimates for the company, along with Westlake Chemical (WLK) and LyondellBasell (LYB), after marking-to-market his commodity models based on recent changes in chemical prices and margins.

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NFLX

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CBL

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VZ

Verizon

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BMO

Bank of Montreal

$80.19

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SFTBF

SoftBank

$0.00

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IBM

IBM

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CELC

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PBYI

Puma Biotechnology

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DVN

Devon Energy

$37.08

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VIA

Viacom

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BHP

BHP Billiton

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UBER

Uber

$0.00

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IBM

IBM

$145.02

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NDAQ

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IAU

iShares Gold Trust

$11.74

-0.005 (-0.04%)

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VICR

Vicor Corporation

$38.35

1.42 (3.85%)

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VTVT

vTv Therapeutics

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Healthcare Services

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GD

General Dynamics

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BA

Boeing

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ROKU

Roku

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  • 13

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TSLA

Tesla

$276.46

16.88 (6.50%)

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$32.34

0.23 (0.72%)

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$32.34

0.23 (0.72%)

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