Wells Fargo analyst Michael Sison raised the firm’s price target on LyondellBasell (LYB) to $87 from $70 and keeps an Equal Weight rating on the shares. The firm is also raising its estimates through 2027 to reflect higher polyethylene prices and oxyfuels margins. Wells stays on the sidelines due to valuation.
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Read More on LYB:
- LyondellBasell price target raised to $79 from $73 at UBS
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- LyondellBasell price target raised to $74 from $62 at Mizuho
- LyondellBasell price target raised to $75 from $52 at Deutsche Bank
- LyondellBasell upgraded to Neutral from Sell at UBS