JP Morgan Upgrades LyondellBasell Industries to Overweight, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeffrey Zekaukas upgraded LyondellBasell Industries (LYB) from Neutral to Overweight and increased the price target from $95 to $100.

February 05, 2024 | 10:23 am
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LyondellBasell Industries was upgraded by JP Morgan from Neutral to Overweight with a price target increase from $95 to $100.
The upgrade from Neutral to Overweight by a major financial institution like JP Morgan, accompanied by a raise in the price target, is a strong positive signal to the market. This suggests a bullish outlook on LYB's financial health and future performance, likely leading to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100