RBC Capital Maintains Outperform on LyondellBasell Industries, Lowers Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Arun Viswanathan maintains an Outperform rating on LyondellBasell Industries (NYSE:LYB) but reduces the price target from $116 to $108.
December 11, 2023 | 4:41 pm
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RBC Capital analyst reaffirms Outperform rating on LyondellBasell Industries but lowers price target to $108 from $116.
The reduction in price target may suggest a tempered but still positive outlook on the company's future performance. The Outperform rating indicates that RBC Capital still sees the company as a good investment, but the lower price target could reflect recent market conditions or company-specific factors that might slightly dampen short-term expectations. However, since the rating remains positive, the overall impact on the stock price is likely to be neutral in the short term.
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IMPORTANCE 75
RELEVANCE 100