Fluor, LyondellBasell, and DT Midstream: Bullish Views
- October 04th, 2023
- 512 views
UBS upgraded Fluor Corporation (NYSE: FLR), a leading engineering and construction company, from Neutral to Buy and raised the price target from $35 to $47
With $FLR closing at $34.62 on Tuesday, the new price target implies a potential upside of $12.38 or 35.75%, in accordance with the investment services firm's analysis.
Similarly, Citigroup upgraded LyondellBasell Industries N.V. (NYSE: LYB), a global chemical company, from Neutral to Buy, while raising the price target from $104 to $106
Despite closing at $93.79 on Tuesday, the increased price target suggests a potential upside of $12.21 or approximately 13.02% for $LYB, based on the investment firm's view.
Finally, Stifel initiated coverage on DT Midstream, Inc. (NYSE: DTM), a significant player in the energy sector, assigning it a Buy rating and a price target of $60.
Closing at $51.47 on Tuesday, this price target suggests a potential upside of $8.53 or about 16.57% for $DTM, according to the investment banking firm's perspective.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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