Wells Fargo analyst Michael Sison raised the firm’s price target on LyondellBasell to $109 from $100 and keeps an Overweight rating on the shares. The firm believes PE fundamentals are bottoming, and its VEP program, operational flexibility, and industry discipline position LyondellBasell well to generate an earnings recovery in 2024 as the economy improves.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on LYB: