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Monday, 03/21/2011 10:06:04 AM

Monday, March 21, 2011 10:06:04 AM

Post# of 34
Dahlman Rose is out with its report today on LyondellBasell Industries (NYSE: LYB), raising its PT from $38 to $45.

In a note to clients, Dahlman Rose writes, "We reiterate our Buy rating and have increased our price target to $45/share as we expect stronger 2012 results driven by healthy olefin margins and improved refinery operations. We have increased 2011 EBITDA and EPS estimates to $4.0 billion (prior $3.7 billion) and $3.37/share (prior $2.96) driven mostly by stronger refining operations."


Read more: http://origin.benzinga.com/analyst-ratings/analyst-color/11/03/939232/dahlman-rose-raises-pt-on-lyondellbasell-industries-to-45#ixzz1HF7cHzED
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