Wells Fargo Maintains Overweight on LyondellBasell Industries, Raises Price Target to $117
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Sison maintains an Overweight rating on LyondellBasell Industries (LYB) and raises the price target from $105 to $117.
April 02, 2024 | 1:35 pm
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POSITIVE IMPACT
Wells Fargo analyst Michael Sison maintains an Overweight rating on LyondellBasell Industries and raises the price target from $105 to $117.
The increase in price target by a reputable analyst like Michael Sison from Wells Fargo is a strong positive signal for LyondellBasell Industries. It suggests a bullish outlook on the stock, likely due to anticipated performance improvements or favorable market conditions. This can lead to increased investor confidence and potential upward movement in the stock's price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100