BMO Capital maintains Market Perform on LyondellBasell, cuts target to $64
BMO Capital analyst John McNulty maintained a Market Perform rating on LyondellBasell Industries and lowered the price target to $64 from the previous $88, citing a revised valuation outlook.

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BMO Capital analyst John McNulty has maintained a Market Perform rating on LyondellBasell Industries while lowering the price target to $64 from $88. The adjustment reflects a revised outlook on the company's valuation.
Rating and Target Changes
The firm continues to advise a neutral stance on the stock with a Market Perform recommendation alongside the reduction in the price objective. The new target of $64 represents a decrease from the previous estimate of $88.
| Metric | Value |
|---|---|
| Rating | Market Perform |
| Previous Price Target | $88 |
| New Price Target | $64 |
The updated guidance provides investors with a revised benchmark for the stock's potential performance.
What specific factors led to the significant downward revision in LyondellBasell's valuation?
How might this price target adjustment influence investor sentiment towards the chemical sector?
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