LyondellBasell Shares Rally 6.4% to $65.88 after Dual Analyst Upgrades
LyondellBasell shares jumped 6.4% to $65.88 on heavy volume, extending an 8.4% four-week gain after KeyBanc raised its rating to Overweight with a $73 target and BMO Capital Markets upgraded to Market Perform with a $68 target. Consensus quarterly EPS forecasts rose 1% to $0.34, with revenues expected at $7.49B.
1. Stock Price Performance
Shares rallied 6.4% to $65.88 on heavy volume, extending an 8.4% four-week gain and reflecting a 7% surge in an earlier session following analyst upgrades.
2. Analyst Upgrades and Targets
KeyBanc upgraded the company to Overweight with a $73 price target, while BMO Capital Markets raised its rating to Market Perform and set a $68 target.
3. Earnings and Revenue Forecasts
Consensus EPS estimates for the upcoming quarter rose 1% to $0.34, and revenues are projected at $7.49 billion, a 2.5% decline from the prior-year period.