LyondellBasell Industries NV Class A
LYB: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$937.00 | Zvqft | Mslqgnct |
LyondellBasell Earnings: Continued Sequential Recovery Supports Positive Outlook
Following its second-quarter results, we see no reason to change our $118 fair value estimate for narrow-moat-rated LyondellBasell. Results materially outpaced our near-term expectations, but we simply see them as a continuation of an accelerated recovery. That recovery benefits from an attractive ratio of high oil prices relative to low gas prices.