LyondellBasell (LYB) shares surged 6.4% to close at $65.88 on the last trading session, driven by an upgrade from KeyBanc to “Overweight” from “Sector Weight,” with a target price of $73. This increase is notable against an 8.4% rise over the past month, supported by substantial trading volume.
The company is projected to report quarterly earnings of $0.34 per share, reflecting a year-over-year increase of 3%, while expected revenues stand at $7.49 billion, a 2.5% decline from the previous year. Additionally, the consensus EPS estimate has been revised 1% higher in the last month, indicating a potential for further price appreciation.
