Mizuho analyst John Roberts lowered the firm’s price target on LyondellBasell (LYB) to $85 from $97 and keeps a Neutral rating on the shares. Both LyondellBasell and Dow guided lower for the December quarter, the analyst tells investors in a research note. The firm points out the polyethylene benchmark contract price settled weaker than expected .
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Read More on LYB:
- LyondellBasell Appoints New CFO Amid Leadership Change
- LyondellBasell CFO Michael McMurray to retire, Agustin Izquierdo to succeed
- LyondellBasell price target lowered to $112 from $117 at Piper Sandler
- LyondellBasell price target lowered to $105 from $110 at Wells Fargo
- LyondellBasell price target lowered to $104 from $110 at RBC Capital
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