Analysts Offer Insights on Materials Companies: LyondellBasell (NYSE: LYB) and LANXESS (Other OTC: LNXSF)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on LyondellBasell (LYBResearch Report) and LANXESS (LNXSFResearch Report).

LyondellBasell (LYB)

Deutsche Bank analyst David Begleiter maintained a Hold rating on LyondellBasell yesterday and set a price target of $108.00. The company’s shares closed last Monday at $101.94.

According to TipRanks.com, Begleiter is a 5-star analyst with an average return of 15.3% and a 72.6% success rate. Begleiter covers the Basic Materials sector, focusing on stocks such as Sociedad Quimica Y Minera SA, Air Products and Chemicals, and Sherwin-Williams Company.

LyondellBasell has an analyst consensus of Moderate Buy, with a price target consensus of $122.89.

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LANXESS (LNXSF)

Deutsche Bank analyst Tim Jones maintained a Buy rating on LANXESS yesterday and set a price target of EUR79.00. The company’s shares closed last Monday at $72.95.

According to TipRanks.com, Jones is ranked #1988 out of 7641 analysts.

LANXESS has an analyst consensus of Strong Buy, with a price target consensus of $86.27, which is a 16.6% upside from current levels. In a report issued on August 18, Goldman Sachs also upgraded the stock to Buy with a EUR72.00 price target.

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