RBC Capital Maintains Outperform on LyondellBasell Industries, Lowers Price Target to $116
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Arun Viswanathan maintains an 'Outperform' rating on LyondellBasell Industries (NYSE:LYB) but lowers the price target from $121 to $116.
August 09, 2023 | 3:01 pm
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NEUTRAL IMPACT
LyondellBasell Industries' price target has been lowered from $121 to $116 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside for the stock, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100