Citigroup Maintains Neutral on LyondellBasell Industries, Raises Price Target to $96
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Patrick Cunningham maintains a Neutral rating on LyondellBasell Industries (NYSE:LYB) and raises the price target from $89 to $96.
July 12, 2023 | 1:59 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on LyondellBasell and raises the price target to $96. This could potentially influence investor sentiment and the stock's price.
The news is directly about LyondellBasell and is likely to influence investor sentiment. The raised price target indicates a positive outlook, but the Neutral rating suggests that the stock is fairly valued at the moment. Therefore, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100