RBC Capital analyst Arun Viswanathan upgraded LyondellBasell to Outperform from Sector Perform with a price target of $130, up from $99. The analyst sees the opportunity for continued multiple expansion as LyondellBasell "climbs out of its Q4-Q1 trough," increases its capital return, and improves its ESG profile. The firm believes the business is a "trough levels."
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Published first on TheFly
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