LyondellBasell Industries NV (LYB) Price Target Raised at RBC Capital

LyondellBasell Industries (NYSE:LYB) is one of the best chemical stocks to buy, according to billionaires. On July 3, RBC Capital analyst Arun Viswanathan increased the stock’s price target to $64 from $61.

LyondellBasell Industries NV (LYB) Price Target Raised at RBC Capital

A close-up of a factory worker handling advanced plastics materials with specialized machinery.

The price hikes come as the research firm maintains a ’Sector Perform’ rating on the stock. The bullish rating comes as the company continues to make significant progress in strengthening near-term cash generation. The company also boasts financial and operational discipline that allows it to navigate macroeconomic challenges effectively.

LyondellBasell Industries (NYSE:LYB) is a global chemical company that produces and markets a wide range of products, including plastics, chemicals, and fuels. It is a leading producer of polypropylene and polyethylene resins, and its products are used in various industries, including packaging, construction, automotive, and healthcare.

While we acknowledge the potential of LyondellBasell Industries (NYSE:LYB) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LYB and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.