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LyondellBasell stock surged 40% on supply disruptions, but Bank of America downgraded it to Underperform.
LyondellBasell stock surged 40% in March due to Middle East supply disruptions boosting U.S. chemical producers' pricing power.
While analysts anticipated earnings growth, Bank of America downgraded the stock to "Underperform" amid concerns the rally outpaced fundamentals.
The company reported a quarterly loss and mixed analyst ratings, with a consensus "Hold" and an average target of $68.17.
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Las acciones de LyondellBasell subieron un 40% por interrupciones en el suministro, pero Bank of America las rebajó a bajo rendimiento.