Wells Fargo lowered the firm’s price target on LyondellBasell (LYB) to $70 from $85 and keeps an Overweight rating on the shares. Given increased risks in a post tariff world, the firm recommends a more defensive position within the chemicals sector into Q1 2025 results as Wells expects cautious outlook commentary.
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Read More on LYB:
- LyondellBasell downgraded to Sector Perform from Outperform at RBC Capital
- LyondellBasell price target lowered to $67 from $84 at Piper Sandler
- LyondellBasell downgraded to Sell from Neutral at UBS
- LyondellBasell Faces Sell Rating Amidst Oversupply and Financial Challenges
- KeyBanc sees Dow Inc., LyondellBasell earnings most at risk after tariff news