LyondellBasell Industries (LYB) Declares $1.19 Quarterly Dividend; 5% Yield

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Go back to LyondellBasell Industries (LYB) Declares $1.19 Quarterly Dividend; 5% Yield

RBC updates estimates and upgrades LyondellBasell (LYB) to Outperform

February 24, 2023 11:16 AM EST

RBC Capital upgraded LyondellBasell Industries (NYSE: LYB) to an Outperform (From Sector Perform) rating and raised the price on the stock to $130.00 (From $99.00) after updating FY24 EBITDA estimates to $6.3B (From $6.0B). RBC also raised their FY24 EPS estimate to $11.80 (From $11.00).

Analyst, Arun Viswanathan believes PE should improve from the current EBITDA... More