Vincent Andrews, an analyst from Morgan Stanley, maintained the Buy rating on LyondellBasell. The associated price target is $63.00.
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Vincent Andrews has given his Buy rating due to a combination of factors that highlight LyondellBasell’s strong financial performance and strategic adjustments. The company’s third-quarter EBITDA exceeded expectations, driven by better-than-anticipated results in the Olefins & Polyolefins (O&P) segments, as well as the Intermediates & Derivatives (I&D) and Advanced Polymer Solutions (APS) segments. This performance was primarily attributed to improved margins and operational efficiencies.
Despite some anticipated seasonal weaknesses and planned maintenance impacting the fourth quarter, the company has made strategic decisions to optimize future performance. Notably, LyondellBasell has revised its 2026 capital expenditure forecast downwards, indicating a more efficient allocation of resources. Additionally, the company maintains a robust liquidity position, which supports its ability to navigate market fluctuations and invest in growth opportunities. These factors collectively contribute to a positive outlook, justifying the Buy rating.
In another report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $55.00 price target.