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.
How this was made
The 30-second read
Why it matters
Analyst upgrade and higher price target suggest further upside for LYB.
Market read
likely upside as investors price in the target raise
Timing
today
Ticker impact
Wells Fargo raised its price target on LyondellBasell (LYB) to $76 from $70 and kept an Overweight rating.
likely upside as investors price in the target raise
Target increase reflects belief the stock is undervalued; market may bid the stock higher.



