Piper Sandler analyst Charles Neivert lowered the firm’s price target on LyondellBasell (LYB) to $84 from $95 and keeps a Neutral rating on the shares. The firm is updating its LyondellBasell model to reflect the release of Q4 and full year 2024 earnings, 2025 guidance and its recent channel checks in the U.S., EU and Asia. As a result of the new data, Piper has reduced its earnings outlook for both 2025 and 2026.
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