Mizuho has raised LyondellBasell's (LYB) price target from $65 to $67 while maintaining a Neutral rating. The analyst notes a temporary pause in tariffs may have accelerated demand, but a slowdown could occur by year-end. The average target price from 19 analysts is $69.80, implying an upside of 10.72% from the current price of $63.04.
Mizuho has revised its price target for LyondellBasell (LYB), increasing it from $65 to $67 while maintaining a Neutral rating on the stock. This adjustment comes as the firm updates its price targets within the chemicals and packaging sectors ahead of the second-quarter reports. The updated target reflects a recent recovery in market multiples.
Analysts at Mizuho note that a temporary pause in tariffs may have accelerated demand, potentially leading to a slowdown by the end of the year. The firm highlights its preference for specialty and defensive stocks, naming Corteva (CTVA), Crown (CCK), and Linde (LIN) as top choices.
According to Wall Street analysts, the average one-year price target for LyondellBasell Industries NV (LYB) is $69.80, with a high estimate of $105.00 and a low estimate of $47.00. This average target implies an upside of 10.72% from the current price of $63.04 [1].
Based on the consensus recommendation from 22 brokerage firms, LyondellBasell Industries NV's (LYB) average brokerage recommendation is currently 2.9, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies a Strong Buy, and 5 denotes a Sell [1].
GuruFocus estimates that the estimated GF Value for LyondellBasell Industries NV (LYB) in one year is $61.54, suggesting a downside of 2.38% from the current price of $63.04. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at, calculated based on historical multiples and future estimates of business performance [1].
References:
[1] https://www.gurufocus.com/news/2977144/lyondellbasell-lyb-sees-price-target-boost-by-mizuho-lyb-stock-news?mobile=true
[2] https://www.tipranks.com/news/the-fly/lyondellbasell-price-target-raised-to-67-from-65-at-mizuho-thefly
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