$LYB

Wells Fargo raises LyondellBasell stock price target to $76 on PE pricing

Wells Fargo raised its price target for LyondellBasell (LYB) to $76, citing potential upside from polyethylene prices. The company's Q3 earnings were $2.54 per share on $8.5B revenue, missing estimates. Analysts have mixed views, with BMO raising its target to $72 and Goldman Sachs to $69.

Original reporting
Published Nov 2, 2026, 11:05 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 2, 2026, 11:17 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
AlphAI market briefEarnings
Primary signal
$LYB
Bullish
high confidence
Mentioned
$LYB
Relevance
7/10
AlphAI data visualization · based on investing.com
Decision brief

The 30-second read

$LYBBullishMed
01

Why it matters

Analyst upgrade and higher price target suggest further upside for LYB.

02

Market read

likely upside as investors price in the target raise

03

Timing

today

Relevance 7/10Novelty 7/10Timing: today
Company-level read

Ticker impact

$LYBBullishHigh confidence
Context

Wells Fargo raised its price target on LyondellBasell (LYB) to $76 from $70 and kept an Overweight rating.

Expected impact

likely upside as investors price in the target raise

Evidence & confidence

Target increase reflects belief the stock is undervalued; market may bid the stock higher.

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LyondellBasell Industries N.V. Q3 2026 Earnings Call Summary

LyondellBasell reported strong Q3 2026 EBITDA, driven by its Intermediates and Derivatives segment. The company sold a Houston refinery for $320.5M, improving cash flow. Management expects Q4 moderation, with resilient North American demand but European pressure. They plan to repay a $900M bond in early 2027. Operational efficiency improved via workforce reduction and inventory management.