Barclays Maintains Equal-Weight on LyondellBasell Industries, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Michael Leithead has maintained an Equal-Weight rating on LyondellBasell Industries (LYB) and increased the price target from $98 to $100.

April 04, 2024 | 2:11 pm
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Barclays has maintained an Equal-Weight rating on LyondellBasell Industries and raised the price target from $98 to $100.
The increase in price target by Barclays, a major financial institution, suggests a positive outlook on LYB's stock performance in the short term. The maintenance of an Equal-Weight rating indicates a stable view on the company's valuation, while the raised price target reflects an expectation of modest stock appreciation. This could lead to increased investor confidence and potentially a slight uptick in LYB's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100