Analyst Insights: LyondellBasell Industries, Warner Chilcott, Veeco, Visa, Mastercard May 1st
LyondellBasell Industries NV Or (NYSE:LYB): Barclays expects the ethylene cycle and operating rates to improve and recommends buying LyondellBasell on the weakness. Shares are Overweight rated with a $59 price target.
Warner Chilcott plc (NASDAQ:WCRX): After The Times of London reported that Bayer (BAYRY) could bid as much as $32 per share for Warner Chilcutt (NASDAQ:WCRX), RBC Capital calculates that the company could be acquired for $27-$32. The firm maintains a $24 target and Outperform rating on the shares.
Veeco Instruments Inc. (NASDAQ:VECO): UBS said Veeco’s LED orders were much better than expected and noted Korea and Taiwan are showing signs of ordering again. Shares are Buy rated.
Visa, Inc. (NYSE:V): JPMorgan believes Visa’s Q2 results on May 2 will not disappoint and raised its price target for shares ahead of the report. The firm keeps an Overweight rating on Visa, but prefers MasterCard (NYSE:MA) over the short-term.
Mastercard Incorporated (NYSE:MA): JPMorgan likes shares of MasterCard into the company’s Q1 results on May 2 as it believes volume trends remain strong. The firm raised its price target for shares ahead of the report and keeps an Overweight rating on the name.
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