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.
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