LyondellBasell price target lowered to $55 from $65 at Wells Fargo

Wells Fargo lowered the firm’s price target on LyondellBasell (LYB) to $55 from $65 and keeps an Overweight rating on the shares. While the firm reduces its outlook again as it expects trough demand to persist well into 2026, Wells remains bullish as LyondellBasell has solid leverage to a recovery longer term.