Seeking Alpha

LyondellBasell (LYB -2.2%) is downgraded to Neutral from Buy with a price target lowered to $49...

LyondellBasell (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.
Comments (1)
  • I fully agree with that call, Propane/NGL prices are set to rise sharply in the next few quarters:

     

    http://seekingalpha.co...

     

    Regards,
    Nawar
    27 Aug 2012, 11:06 AM Reply Like
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