Wells Fargo analyst Michael Sison lowered the firm’s price target on LyondellBasell (LYB) to $80 from $87 and keeps an Equal Weight rating on the shares. The firm is raising its 2026-2027 estimates as LyondellBasell’s commodities appear to be approaching peak-cycle levels. With the stock up about 70% year-to-date, Wells looks for a catalyst to support EBITDA above trough after the conflict in the Middle East concludes.
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