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LYB

LyondellBasell

$87.38

-0.69 (-0.78%)

07:02
10/15/19
10/15
07:02
10/15/19
07:02

LyondellBasell announces construction of new pilot facility at Ferrara

LyondellBasell announced that it is building a new small-scale pilot facility at its Ferrara, Italy site moving another step closer to converting post-consumer plastic waste into new plastics on a commercial scale. The company selected its Ferrara site for the pilot facility due to its long history of research and development, including catalyst development. Through its collaboration with the Karlsruhe Institute of Technology, LyondellBasell's proprietary molecular recycling technology, known as MoReTec, has shown that use of a catalyst in the pyrolysis process, or the structural breakdown of plastic waste into molecules, is faster and more energy efficient than traditional chemical recycling.

LYB LyondellBasell
$87.38

-0.69 (-0.78%)

07/22/19
NOMU
07/22/19
DOWNGRADE
Target $93
NOMU
Neutral
LyondellBasell downgraded to Neutral from Buy at Nomura Instinet
Nomura Instinet analyst Aleksey Yefremov downgraded LyondellBasell (LYB) to Neutral from Buy and lowered his price target for the shares to $93 from $107. Despite a "healthy" Q2 for the U.S.-based ethylene/polyethylene producers, the outlook for the next six-to-nine months is increasingly challenging, Yefremov tells investors in a research note. Over the next six months, U.S. polyethylene capacity should rise by 2.4M while capacity in Asia should increase by 1.2M tons, says the analyst. He believes these trends warrant near-term caution on producers LyondellBasell, Dow Inc. (DOW) and Westlake Chemical (WLK). Yefremov lowered his ratings for LyondellBasell to Neutral and for Westlake to Reduce. However, he maintained a Buy on Dow, citing better prospects in its non-Ppolyethylene portfolio.
07/22/19
07/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Neutral from Buy at Roth Capital with analyst Craig Irwin saying he believes Tesla has a viable path to meet at least the low end of its 360,000-400,000 deliveries guidance for 2019, but this does not eliminate margin risks from rising 2019 battery costs or the impact of intensifying competition. 2. Marvell (MRVL) downgraded to Neutral from Buy at Goldman Sachs with analyst Mark Delaney citing valuation. 3. Brunswick (BC) downgraded to Neutral from Overweight at JPMorgan with analyst Steven Zaccone saying commentary from industry participants indicates worsening marine industry growth, and Brunswick is heavily exposed to the most pronounced areas of weakness in aluminum fish boats and outboard engines. 4. Westlake Chemical (WLK) downgraded to Reduce from Neutral at Nomura Instinet while LyondellBasell (LYB) was downgraded to Neutral from Buy. 5. Paysign (PAYS) downgraded to Sell from Neutral at BTIG with analyst Mark Palmer citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/29/19
SBSH
07/29/19
DOWNGRADE
Target $50
SBSH
Neutral
Citi downgrades Dow to Neutral on 'mounting capacity additions'
Citi analyst P.J. Juvekar downgraded Dow Inc. (DOW) to Neutral from Buy and lowered his price target for the shares to $50 from $54. There are "mounting capacity additions" in Dow's three major chains - ethylene, siloxanes, and urethanes, Juvekar tells investors in a research note. As such, the analyst believes fundamental weakness in the company's three major chains is likely to persist. Ethylene stocks have become trading stocks now late in the cycle, says Juvekar. He believes this also has negative implications for LyondellBasell (LYB) and Westlake Chemical (WLK).
08/05/19
MSCO
08/05/19
NO CHANGE
MSCO
Coca-Cola added to Fresh Money Buy List at Morgan Stanley
Morgan Stanley equity strategist Michael Wilson said he is shifting the firm's "Fresh Money Buy List" to be more defensive by adding Coca-Cola (KO) and removing LyondellBasell (LYB). At Coke, he expects an acceleration in EPS growth driven by stronger pricing power, volume growth and new products, said Wilson. In terms of the broader market, Wilson said new tariffs are not the only thing driving the market lower, pointing to full valuations, corporate profits turning lower and technical resistance as other factors ahead of "heavy Treasury issuance this month" that will add another headwind.

TODAY'S FREE FLY STORIES

AVY

Avery Dennison

$131.42

0.26 (0.20%)

06:38
11/20/19
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06:38
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Avery Dennison to acquire Smartrac's RFID Inlay business for EUR225M »

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TGT

Target

$110.86

0.27 (0.24%)

06:37
11/20/19
11/20
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06:37
Earnings
Breaking Earnings news story on Target »

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ADSK

Autodesk

$164.53

2.08 (1.28%)

06:37
11/20/19
11/20
06:37
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06:37
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Autodesk analyst commentary  »

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QIWI

Qiwi

$20.14

0.38 (1.92%)

06:36
11/20/19
11/20
06:36
11/20/19
06:36
Earnings
Qiwi raises FY19 adjusted revenue growth view to 15%-19% from 9%-15% »

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  • 20

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TGT

Target

$110.86

0.27 (0.24%)

06:35
11/20/19
11/20
06:35
11/20/19
06:35
Earnings
Target sees Q4 adj. EPS $1.54-$1.75, consensus $1.65 

Sees Q4 SSS up 3%-4%.

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  • 20

    Nov

TJX

TJX

$60.66

1.12 (1.88%)

06:34
11/20/19
11/20
06:34
11/20/19
06:34
Recommendations
TJX analyst commentary  »

Nomura Instinet lists…

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  • 05

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T

AT&T

$38.00

-1.61 (-4.06%)

06:34
11/20/19
11/20
06:34
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06:34
Recommendations
AT&T analyst commentary  »

KeyBanc data shows…

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  • 09

    Dec

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    Dec

  • 29

    Jan

LLY

Eli Lilly

$115.13

1.04 (0.91%)

06:34
11/20/19
11/20
06:34
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06:34
Hot Stocks
Eli Lilly to invest $400M in Indianapolis manufacturing facilities »

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  • 17

    Dec

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    Jan

TGT

Target

$110.86

0.27 (0.24%)

06:33
11/20/19
11/20
06:33
11/20/19
06:33
Earnings
Target reports Q3 adj. EPS $1.36, consensus $1.19 »

Reports Q3 revenue…

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  • 20

    Nov

CDXC

ChromaDex

$3.49

0.19 (5.76%)

06:33
11/20/19
11/20
06:33
11/20/19
06:33
Hot Stocks
ChromaDex: EC votes in favor on Nicotinamide Riboside Chloride as a novel food »

ChromaDex announced that…

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QIWI

Qiwi

$20.14

0.38 (1.92%)

06:33
11/20/19
11/20
06:33
11/20/19
06:33
Earnings
Qiwi reports Q3 EPS 29c, one estimate 33c »

Reports Q3 adjusted…

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  • 20

    Nov

  • 09

    Dec

EVRG

Evergy

$64.79

-0.19 (-0.29%)

06:29
11/20/19
11/20
06:29
11/20/19
06:29
Downgrade
Evergy rating change  »

Evergy downgraded to…

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RES

RPC, Inc.

$3.84

-0.015 (-0.39%)

06:26
11/20/19
11/20
06:26
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06:26
Downgrade
RPC, Inc. rating change  »

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QD

Qudian

$5.63

-0.295 (-4.98%)

06:24
11/20/19
11/20
06:24
11/20/19
06:24
Downgrade
Qudian rating change  »

Qudian downgraded to…

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WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

06:22
11/20/19
11/20
06:22
11/20/19
06:22
Periodicals
WeWork began layoffs on Monday, Business Insider reports »

WeWork's layoffs…

WE

We Company

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

SFTBY

SoftBank

$0.00

(0.00%)

03/08/13
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BRY

Berry Petroleum

$8.90

-2.405 (-21.27%)

06:21
11/20/19
11/20
06:21
11/20/19
06:21
Downgrade
Berry Petroleum rating change  »

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BBCP

Concrete Pumping

$3.88

0.17 (4.58%)

06:21
11/20/19
11/20
06:21
11/20/19
06:21
Conference/Events
Concrete Pumping management to meet with William Blair »

Luncheon Meeting to be…

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  • 20

    Nov

EVRG

Evergy

$64.79

-0.19 (-0.29%)

06:20
11/20/19
11/20
06:20
11/20/19
06:20
Downgrade
Evergy rating change  »

Evergy downgraded to…

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M

Macy's

$15.03

-1.85 (-10.96%)

06:20
11/20/19
11/20
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06:20
Periodicals
Macy's confirms 'targeted data security incident' impacted customers, WSJ says »

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  • 21

    Nov

AL

Air Lease

$45.16

0.435 (0.97%)

06:20
11/20/19
11/20
06:20
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06:20
Conference/Events
Air Lease management to meet with Stephens »

Group Luncheon Meeting to…

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  • 20

    Nov

BRY

Berry Petroleum

$8.90

-2.405 (-21.27%)

06:19
11/20/19
11/20
06:19
11/20/19
06:19
Downgrade
Berry Petroleum rating change  »

KeyBanc downgrades Berry…

03/08/13
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XGN

Exagen

$19.25

-0.04 (-0.21%)

06:19
11/20/19
11/20
06:19
11/20/19
06:19
Conference/Events
Exagen management to meet with William Blair »

Meeting to be held in…

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  • 20

    Nov

WWW

Wolverine World Wide

$32.86

-0.61 (-1.82%)

06:17
11/20/19
11/20
06:17
11/20/19
06:17
Conference/Events
Wolverine World Wide management to meet with Wedbush »

Meeting to be held in…

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  • 20

    Nov

  • 02

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GM

General Motors

$36.39

-0.23 (-0.63%)

06:17
11/20/19
11/20
06:17
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Periodicals
GM not liable for punitive damages in ignition switch cases, Reuters reports »

General Motors is not…

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MGP

MGM Growth

$32.46

-0.39 (-1.19%)

06:16
11/20/19
11/20
06:16
11/20/19
06:16
Syndicate
MGM Growth 30M share Spot Secondary priced at $31.25 »

The deal size was…

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  • 20

    Nov

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