RBC Capital raised the firm’s price target on LyondellBasell (LYB) to $51 from $49 but keeps a Sector Perform rating on the shares. LyondellBasell reacted somewhat positively to weak earnings prints given pre-announcements in Q4, but its Q1 earnings are likely to remain challenged given higher Europe Oil/US Nat Gas and supply disruptions in the US from Winter Storm Fern, the analyst tells investors in a research note.
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