Wells Fargo analyst Michael Sison raised the firm’s price target on LyondellBasell to $117 from $105 and keeps an Overweight rating on the shares. The firm cites healthy integrated PE margins and export volumes, and modestly higher pricing, which should provide stability in 2024, offsetting weaker Refining and I&D results.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYB:
- Wolfe starts LyondellBasell at Underperform amid macro uncertainty
- LyondellBasell initiated with an Underperform at Wolfe Research
- LyondellBasell Announces Quarterly Dividend
- LyondellBasell acquires mechanical recycling ssets in California
- LyondellBasell Announces Executive Reshuffle and New Appointments