LSB Industries price target lowered to $12 from $14 at RBC Capital

RBC Capital lowered the firm’s price target on LSB Industries to $12 from $14 but keeps an Outperform rating on the shares. The company’s 2023 was “challenging”, but LSB is still able to generate solid cash flow, the analyst tells investors in a research note. The company is set to see a turnaround in 2024 with a constructive nitrogen outlook and better margins without natural gas hedges, RBC added.