Steve Byrne

As the commodity market shifts to an environment of stagflation and U.S. economic recession risks rise, Bank of America adjusted its coverage of chemical stocks on Tuesday. The Analyst: Analyst Steve Byrne downgraded Chemours Co. (NYSE: CC) from Buy to Neutral and slashed his price target from $48...

Both Archer-Daniels-Midland Co (NYSE: ADM) and Bunge Ltd (NYSE: BG) seem to be nearing peak earnings, with a likely contraction in soybean crush margins over the next couple of years, according to BofA Securities. The Chemicals Analyst: Steve Byrne downgraded the ratings for Archer-Daniels-Midland...

In addition to oil and gas prices, the Russian invasion of Ukraine has sent fertilizer prices soaring. Russia is one of the world's largest fertilizer exporters, and Bank of America analyst Steve Byrne said Wednesday that there is still more upside than downside for fertilizer prices and...

Corporates are facing new challenges, including the Russia-Ukraine war, COVID outbreaks in China, rising energy prices, interest rate hikes, and new supply chain disruptions, some of which could materialize into new headwinds, according to BofA Securities. The Chemicals Analyst: Steve Byrne...

The risk-reward balance may be unfavorable for chemical stocks heading into second-quarter earnings season, and one analyst adjusted his chemical stock ratings accordingly on Friday. The Analyst: Bank of America analyst Steve Byrne issued the following chemical stock upgrades and downgrades:...

The demand for lithium products is inflecting, with accelerating demand for electric vehicles as governments in Europe and Asia inject stimulus to boost vehicle penetration and adoption, according to BofA Securities. The Chemicals Analyst: Steve Byrne maintained Underperform ratings for Albemarle...

Some commodity and diversified chemical stocks have surpassed their valuations, although there could be upside to 2021 estimates given the development of COVID-19 vaccines, according to BofA Securities. The Chemicals Analyst: Steve Byrne downgraded Celanese Corporation (NYSE: CE) from Neutral to...

Shares of LyondellBasell Industries NV (NYSE: LYB) have underperformed peers, despite a similar reduction in forecasts and offering a dividend that seems to be sustainable, according to BofA Securities. The LyondellBasell Analyst: Steve Byrne upgraded LyondellBasell Industries from Underperform to...

While agricultural chemicals companies reported significant volume growth in the first quarter, U.S.-centric suppliers have likely peaked, according to BofA Securities. Analyst Downgrades Corteva, CF Industries, Nutrien, Mosaic  Steve Byrne downgraded Corteva Inc (NYSE: CTVA) from Neutral...

The rebound in polyethylene is likely to be more challenging and companies like LyondellBasell Industries NV (NYSE: LYB) and The Dow Chemical Company (NYSE: DOW) could generate only modest earnings gains through 2021, according to BofA Securities. The LyondellBasell, Dow Analyst Steve Byrne ...

Shares of lithium producer Livent Corp (NYSE: LTHM) gained more than 30% after hosting a bullish second-quarter conference call, but one analyst is skeptical on the company's outlook. The Analyst Bank of America Merrill Lynch's Steve Byrne downgraded Livent from Neutral to Underperform...

Despite softness in global nitrogen prices, CF Industries Holdings, Inc. (NYSE: CF) reported strong second-quarter results. While nitrogen prices may decline further in the back half of 2019, the company is likely to perform better in 2020 than was earlier expected, according to Bank of...

DuPont de Nemours Inc (NYSE: DD), the diversified specialty chemical company born out of the spin-off of DowDuPont, is "built for success," according to Bank of America Merrill Lynch.  The Analyst Steve Byrne initiated coverage of DuPont's stock with a Buy rating and $76 price...

The MWSPC phosphate plant in Saudi Arabia, in which Mosaic Co (NYSE: MOS) has a 25-percent stake, in now operating at almost full capacity. While the company is the world's largest integrated producer of phosphate, channel checks and talks with industry leaders suggest high inventory levels and...

Mosaic Co (NYSE: MOS)’s stock cycle is rising from a trough, and with consensus estimates not yet reflecting improvement, Bank of America Merrill Lynch sees upside to forecasts. The Rating Analysts Steve Byrne and Ian Bennett upgraded Mosaic from Underperform to Buy and raised their price...