Wells Fargo Maintains Overweight on LyondellBasell Industries, Lowers Price Target to $100
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Michael Sison has maintained an Overweight rating on LyondellBasell Industries (NYSE:LYB) but lowered the price target from $109 to $100.
June 29, 2023 | 1:40 pm
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LyondellBasell's price target has been lowered by Wells Fargo from $109 to $100, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100