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

|About: LyondellBasell Industries N.V. (LYB)|By:, SA News Editor

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.