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Key Points Recent share price selloff overdone with shares already trading below trough valuation levels Fundamentals inflecting up with trough, mid-cycle, and peak earnings power underestimated by investors, in our view We rate...
Key Points Q3'24 EBITDA and EPS miss Near-term outlook commentary relatively negative We rate LYB shares Neutral; our 12-month target price is USD105 per share Summary LyondellBasell announced Q3’24 results this morning: Recurring EBITDA of...
Key Points We’re downgrading our rating on shares of HII to Neutral after a disappointing third quarter earnings call that saw shares crash 26%. Performance at the Newport News yard, in particular,...
Key Points We are reiterating our Overweight rating on shares of RTX after last week’s 3Q24 earnings release and we’re raising our target price by USD8 to USD142. We’ve increased our terminal...
Key Points We are terminating coverage of Albany International (AIN; previously Rated Neutral) due to a change in research focus. Going forward, we will no longer maintain an investment rating or target...