LyondellBasell price target raised to $90 from $82 at RBC Capital

RBC Capital raised the firm’s price target on LyondellBasell (LYB) to $90 from $82 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company remains well positioned in the face of tariffs given its global presence and cost-advantaged assets, but Q1 is facing moderate headwinds from downtime at O&P aftermarket assets and seasonally lower Oxyfuels, the analyst tells investors in a research note. RBC adds however that LyondellBasell is set up well to manage through trough earnings through constraining capex.