Morgan Stanley’s 10 Best Fresh Money Stocks To Buy

Chemical giant LyondellBasell Industries NV (NYSE:LYB) was also picked by Morgan Stanley analysts as a potential winner. They concluded that the stock was very attractive at a forward Price to Earnings (P/E) ratio of 10 and believed that Wall Street’s EPS estimates of $2 to $3 for 2018 were to bearish. Morgan Stanley was eyeing a 21% upside, having set a price target of $130 per share. Long term, LyondellBasell Industries NV (NYSE:LYB) shares could reach $180, driven by investors’ recognition of the company’s financial strength and low leverage.

Follow Lyondellbasell Industries N.v. (NYSE:LYB)

Ever since the broader market selloff in February, LyondellBasell Industries NV (NYSE:LYB) stock has been declining slowly but steadily. At Friday’s market close, LyondellBasell shares were trading at $104.79 apiece, up 0.23% since March 23. Even its stellar first quarter earnings report failed to prop up the stock. LyondellBasell posted $3.11 in earnings per share and $9.77 billion in revenue, well above analysts’ consensus of $9.39 billion in revenue and earnings of $2.80 per share.