LyondellBasell Industries NV (LYB) Price Target Raised at RBC Capital
A close-up of a factory worker handling advanced plastics materials with specialized machinery.
The price hikes come as the research firm maintains a 'Sector Perform' rating on the stock. The bullish rating comes as the company continues to make significant progress in strengthening near-term cash generation. The company also boasts financial and operational discipline that allows it to navigate macroeconomic challenges effectively.
LyondellBasell Industries (NYSE:LYB) is a global chemical company that produces and markets a wide range of products, including plastics, chemicals, and fuels. It is a leading producer of polypropylene and polyethylene resins, and its products are used in various industries, including packaging, construction, automotive, and healthcare.
While we acknowledge the potential of LYB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Consumer Goods Stocks Billionaires Are Quietly Buying and Goldman Sachs Penny Stocks: Top 12 Stock Picks.
Disclosure: None. This article is originally published at Insider Monkey.
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