In This Article:
RBC Capital lowered the firm’s price target on LyondellBasell (LYB) to $92 from $104 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 in the Chemicals & Packaging sector. The firm continues to favor names with cost reduction programs given margin improvement potential before demand starts to improve, companies with strong operating leverage and potential for positive volume growth inflection in the second half of the year, and names with low leverage, the analyst tells investors in a research note. For the company, RBC is positive on polyolefins margins and polyethylene prices improving with better demand, cost improvements from its VEP – value enhancement program – and the improving conditions related to inflation, supply chain challenges, and elevated feedstock and energy costs.
Pick the best stocks and maximize your portfolio:
-
Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
-
Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LYB: