"Wells Fargo analyst Michael Sison is stepping out from that crowd, raising his price target to $87 from $70, citing higher polyethylene prices and oxyfuels margins driving estimate increases through 2027."
"Tight year-end inventories, reduced supply due to winter storm Fern, and stronger seasonal demand will all be supportive of our polyethylene price increase initiatives."
"Natural gas feedstock costs have also moderated, with Henry Hub falling to $3.62/MMBtu in February 2026 from a January spike of $7.72/MMBtu, improving margin visibility."
LyondellBasell Industries N.V. has experienced a remarkable stock recovery, gaining 15.68% in a week and 88.76% year-to-date. Analysts remain cautious, with a consensus price target of $64.18. However, Wells Fargo's Michael Sison raised his target to $87, citing higher polyethylene prices and improved margins. Key factors include reduced North American polyethylene inventories and moderated natural gas costs. EVP Kim Foley emphasized that tight inventories and seasonal demand will support price increases, indicating a potential earnings normalization for the company.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]