Barclays Maintains Equal-Weight on LyondellBasell Industries, Lowers Price Target to $98
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Barclays analyst Michael Leithead maintains an Equal-Weight rating on LyondellBasell Industries (LYB) and lowers the price target from $102 to $98.
February 05, 2024 | 1:34 pm
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Barclays maintains an Equal-Weight rating on LyondellBasell Industries and lowers the price target from $102 to $98.
The reduction in price target by Barclays, a major financial institution, could lead to a negative perception among investors regarding LYB's future financial performance. This adjustment reflects a less optimistic outlook on the company's valuation, potentially influencing short-term stock price movement negatively.
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