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Positive Report for LyondellBasell (LYB) from KeyBanc

Tipranks - Tipranks - Thu Mar 5, 4:06AM CST

KeyBanc analyst Aleksey Yefremov upgraded LyondellBasell to a Buy today and set a price target of $73.00.

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Yefremov covers the Basic Materials sector, focusing on stocks such as Eastman Chemical, LyondellBasell, and Avient. According to TipRanks, Yefremov has an average return of 7.5% and a 56.42% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for LyondellBasell with a $51.42 average price target.

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Based on LyondellBasell’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.09 billion and a GAAP net loss of $140 million. In comparison, last year the company earned a revenue of $9.5 billion and had a GAAP net loss of $598 million

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