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Stock impact report

LyondellBasel (LYB) Climbs 10.3% as Citi Says ‘Buy', Hikes Price Target by 55% [Yahoo! Finance]

LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) (LYB) 
Last lyondellbasell industries nv ordinary shares class a (netherlands) earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: lyondellbasell.com/en/investors
Company Research Source: Yahoo! Finance
LyondellBasell soared by 10.33 percent on Thursday to close at $74.33 apiece, as investors took heart from Citigroup's bullish stance for its stock, having upgraded its rating and price target by 55 percent. In a market report, Citigroup issued a new price target of $76 for the company, a marked increase from the $49 previously. It also recommended investors to “buy” versus staying “neutral” prior. The report reflected the investment firm's optimism for LyondellBasell Industries NV (NYSE:LYB) and other North American chemical producers with access to low-cost natural gas feedstocks, saying that they are expected to benefit through higher profit margins from the ongoing tensions in the Middle East that continue to disrupt supply and propel oil prices higher. LyondellBasel (LYB) Climbs 10.3% as Citi Says 'Buy', Hikes Price Target by 55% According to Citi, it expects LyondellBasell Industries NV (NYSE:LYB) to grow its earnings before interest, tax, depreciation and amortization Show less Read more
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