BofA Warns Petrochemical Stocks May Have Risen Too Far, Too Fast
BofA downgraded Dow, LyondellBasell, and Westlake, saying recent gains from high oil prices may not last and stocks could slow down.
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BofA downgraded Dow, LyondellBasell, and Westlake, saying recent gains from high oil prices may not last and stocks could slow down.
Ongoing conflicts in the Middle East are disrupting fertilizer shipments through key routes like the Strait of Hormuz, pushing up prices and boosting shares of major agricultural and chemical companies for the second day in a row.