LyondellBasell price target raised to $48 from $45 at Wells Fargo

Wells Fargo analyst Michael Sison raised the firm’s price target on LyondellBasell (LYB) to $48 from $45 and keeps an Equal Weight rating on the shares. While LyondellBasell has rallied off the bottom in December, the firm expects trough-like earnings will linger well into 2026. As a result, Wells stays on the sidelines and again reduces its estimates.