Keybanc Maintains Underweight on LyondellBasell Industries, Raises Price Target to $85
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Aleksey Yefremov maintains an Underweight rating on LyondellBasell Industries (NYSE:LYB) and raises the price target from $80 to $85.
August 07, 2023 | 8:33 am
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LyondellBasell's price target has been raised from $80 to $85 by Keybanc, though the rating remains Underweight.
While the increase in price target indicates a positive outlook, the Underweight rating suggests that the analyst believes the stock may underperform compared to other stocks in the same sector. This mixed signal could lead to neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100