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SNB Capital Downgrades Luberef to Neutral, Boosts PT

MT Newswires·07/16/2026 08:33:12
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08:33 AM EDT, 07/16/2026 (MT Newswires) -- SNB Capital on Thursday upgraded base oil producer Saudi Aramco Base Oil Co. (SASE:2223), d/b/a Luberef, to neutral from overweight and increased its price target to 140.10 Saudi riyals from 121.10 riyals. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)