LyondellBasell Facing Volatile Moves
LyondellBasell Industries (LYB) manufactures specialty chemicals and polymers used for a wide variety of applications across multiple sectors.
On July 29 the company reported earnings of $1.49 a share, $0.23 ahead of analyst estimates. The report, coupled with positive comments by the CEO on the outlook for the rest of the year, powered the stock price higher and through a three-month downtrend line. UBS raised its estimates through 2011 Monday on the strong earnings and reiterated its $47 price target and "buy" recommendation....514 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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