By: Benzinga
March 07, 2013 at 10:27 AM EST
UPDATE: JP Morgan Raises LyondellBassell PT to $71, Forecasting Increased Earnings
In a Thursday report, JP Morgan maintained its Overweight rating on LyondellBasell Industries (NYSE: LYB ) and raised its price target from $68 to $71. JP Morgan wrote, "We raised our 2013 and 2014 earnings estimates for LyondellBasell to reflect lower raw material (ethane) costs in the North American Olefins
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