KeyBanc lowered the firm’s price target on LyondellBasell to $80 from $81 and keeps an Underweight rating on the shares. LyondellBasell expects Q2 EBITDA to be slightly down q/q, compared to initial management commentary of expectations for “improving demand,” and the firm thinks risks are skewed to the downside at the current juncture, the analyst tells investors in a research note.
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