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Analysts Offer Insights on Materials Companies: LyondellBasell (LYB) and Dyno Nobel (OtherICPVF)

Tipranks - Sat Jul 4, 6:46AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on LyondellBasell (LYB) and Dyno Nobel (ICPVF) with bullish sentiments.

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LyondellBasell (LYB)

In a report released yesterday, Michael Sison from Wells Fargo reiterated a Buy rating on LyondellBasell, with a price target of $70.00. The company’s shares closed last Thursday at $53.36.

According to TipRanks.com, Sison has 0 stars on 0-5 stars ranking scale with an average return of -2.7% and a 42.8% success rate. Sison covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sherwin-Williams Company. ;'>

Currently, the analyst consensus on LyondellBasell is a Hold with an average price target of $71.33, implying a 35.6% upside from current levels. In a report issued on June 24, Citi also maintained a Buy rating on the stock with a $67.00 price target.

See the top stocks recommended by analysts >>

Dyno Nobel (ICPVF)

In a report issued on July 1, Mark Wilson CFA from RBC Capital maintained a Buy rating on Dyno Nobel, with a price target of A$4.10. The company’s shares closed last Tuesday at $2.52.

CFA has an average return of 23.4% when recommending Dyno Nobel. ;'>

According to TipRanks.com, CFA is ranked #6383 out of 12347 analysts.

Currently, the analyst consensus on Dyno Nobel is a Moderate Buy with an average price target of $2.61.

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