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LyondellBasell (LYB) Receives a Hold from Evercore ISI

Tipranks - Tipranks - Wed Feb 4, 2:58AM CST

In a report released yesterday, Eric Boyes from Evercore ISI maintained a Hold rating on LyondellBasell, with a price target of $57.00. The company’s shares closed yesterday at $50.25.

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Boyes covers the Basic Materials sector, focusing on stocks such as RPM International, Air Products and Chemicals, and Eastman Chemical. According to TipRanks, Boyes has an average return of -0.5% and a 40.00% success rate on recommended stocks.

In addition to Evercore ISI, LyondellBasell also received a Hold from Bank of America Securities’s Matthew DeYoe in a report issued yesterday. However, on the same day, UBS maintained a Sell rating on LyondellBasell (NYSE: LYB).

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Based on LyondellBasell’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.73 billion and a GAAP net loss of $892 million. In comparison, last year the company earned a revenue of $10.32 billion and had a net profit of $570 million

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