LyondellBasell

Dahlman Rose is out with its report today on LyondellBasell (NYSE: LYB), raising its PT from $45 to $53. In a note to clients, Dahlman Rose writes, "We raise our price target to $53/share from $45/share, as we expect LyondellBasell to continue to benefit from the US ethane advantage and...

In a report released this morning, Morgan Stanley said that with LyondellBasell's (NYSE: LYB) stock down 21% in the last 10 trading days (underperforming the Chemicals sector by 16%), “expectations are likely the lowest they have been in the last 12 months.” “However, fundamentals continue to...

Jefferies raised its price target on LyondellBasell Industries (NYSE: LYB) from $50 to $56 in a research report published today. Jefferies' reevaluation of LyondellBasell's price target was based on the company's better than expected Q1 earnings results. Jefferies also raised its earnings...

JP Morgan has raised the price target on LyondellBasell Industries (NYSE: LYB) from $40 to $60 and maintains its Overweight rating.

Jefferies & Company has raised the price target on LyondellBasell (NYSE: LYB) from $50 to $56 and maintains its Buy rating.

Citigroup has raised the price target on LyondellBasell Industries (NYSE: LYB) from $46 to $55 and maintains its Buy rating.

Morgan Stanley reiterated its Overweight rating on LyondellBasell Industries NV (NYSE: LYB) in a research report published today, following better than expected Q1 results. In the report, Morgan Stanley states, "We continue to believe that LyondellBasell is a best-in-class commodity chemical...

Jefferies is out with its report today on LyondellBasell (NYSE: LYB), raising its PT from $47 to $50. In a note to clients, Jefferies writes, "Americas O&P contributes 31% of LyondellBasell's sales and 42% of EBITDA. We estimate integrated margins could exceed the 1995 peak. We are raising our...

Jefferies & Company has raised the price target on LyondellBasell (NYSE: LYB) from $47 to $50 and maintains its Buy rating.

BWS Financial has raised the price target on LyondellBasell Industries (NYSE: LYB) from $40 to $46 and maintains its Buy rating.

Jefferies reports that while LyondellBasell's (NYSE: LYB) Q4 was marred by operating issues, the fundamentals remain solid. “We are raising 2011E EPS $0.30 to $3.25,” Jefferies writes. “Deleveraging later this year could lift our 2012E-2013E estimates north of $0.50. We are also raising our price...

Morgan Stanley is raising its Extreme Bull-case valuation for LyondellBasell Industries (NYSE: LYB) to $50, or 71% higher than yesterday's closing price of $29.21. “This reflects $5/share potential value creation from improving the company's capital structure (which currently has too much high-...

Luxembourg-based LyondellBasell rejected an offer of $13.5 billion from India’s Reliance Industries ltd. According to the Wall Street Journal, a restructuring plan proposed by Lyondell that would keep the company independent would, by comparison, value it at about $15.5 billion. Reliance now...