BMO Capital lowered the firm’s price target on LyondellBasell (LYB) to $65 from $71 and keeps a Market Perform rating on the shares. The company posted a slight Q1 miss, with EBITDA coming low-single-digits under consensus but likely better than buyside expectations, the analyst tells investors in a research note. Petchem commodity fundamentals and the impact of direct/indirect tariff noise remain a risk, the firm added.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYB:
- Cautious Outlook for LyondellBasell Amid Market Uncertainties and Tariff Impacts
- LyondellBasell price target lowered to $58 from $66 at Citi
- LyondellBasell Reports Resilient Q1 2025 Earnings
- LyondellBasell’s Earnings Call: Mixed Outlook Amid Challenges
- LyondellBasell upgraded to Buy from Hold at Fermium Research