Stock Track | LyondellBasell Industries Soars 5.02% Intraday After RBC Raises Price Target

Stock Track02-03 23:20

LyondellBasell Industries NV (LYB) experienced a significant surge intraday, with its stock price soaring 5.02% during Tuesday's trading session.

The sharp increase appears to be driven by positive analyst sentiment, specifically after RBC Capital Markets raised its price target on the company. RBC increased its target to $51 from $49 while maintaining a Sector Perform rating on the stock.

According to FactSet data, LyondellBasell Industries has an average rating of hold among analysts with a mean price target of $49.11, making RBC's revised target above the consensus view.

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