LyondellBasell price target raised to $115 from $98 at Cowen Cowen raised its price target on LyondellBasell to $115 from $98 on expectations of higher margins in its O&P segment and benefits from low cost ethane supply. The firm keeps its Outperform rating on the shares.
LyondellBasell says Q3 outlook for portfolio remains positive LyondellBasell said, "The outlook for the third quarter remains positive for our portfolio. Natural gas and NGL remain well supplied and favorably priced. Significant global olefin and polyolefin supply shortages are starting to rebalance as supply returns to the market, but balances have remained favorable through July. Late in the third quarter, we will begin planned outages at two of our Intermediate and Derivatives production sites and at one European olefins plant."