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LyondellBasell (LYB -2.2%) is downgraded to Neutral from Buy with a price target lowered to $49...
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Monday, August 27, 2012, 10:58 AM ETLyondellBasell (LYB -2.2%) is downgraded to Neutral from Buy with a price target lowered to $49 from $51 by UBS, which believes shares may weaken later this year due to increased feedstock costs. In Q2, LYB enjoyed outstanding margins due to a combination of factors that resulted in bargain ethane prices.
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