Citigroup Maintains Neutral on LyondellBasell Industries, Raises Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Patrick Cunningham maintains a Neutral rating on LyondellBasell Industries (LYB) and raises the price target from $96 to $104.
April 10, 2024 | 6:02 pm
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Citigroup maintains a Neutral rating on LyondellBasell Industries but raises the price target from $96 to $104.
The increase in price target by Citigroup reflects a positive outlook on LyondellBasell Industries' valuation, potentially leading to increased investor interest and a positive short-term impact on the stock price. The maintenance of a Neutral rating suggests that while the outlook is improved, there may still be factors that could limit the stock's upside potential in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100