LyondellBasell price target raised to $77 from $52 at Morgan Stanley

Morgan Stanley analyst Vincent Andrews raised the firm’s price target on LyondellBasell (LYB) to $77 from $52 and keeps an Overweight rating on the shares. The firm’s updated polyethylene supply and demand view reflects the significant impact of lost and higher costs of production from the Iran conflict, which drives up the bull, base and bear cases in 2026 and beyond for both Dow (DOW) and LyondellBasell, the analyst tells investors.