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Stock impact report

BMO Capital Lifts LyondellBasell (LYB) Target to $38, Says Dividend Cut May Not Be Enough [Yahoo! Finance]

LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) (LYB) 
Last lyondellbasell industries nv ordinary shares class a (netherlands) earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: lyondellbasell.com/en/investors
Company Research Source: Yahoo! Finance
LyondellBasell Industries N.V. (NYSE: LYB ) is included among the 14 Best Affordable Dividend Stocks to Buy According to Analysts BMO Capital Lifts LyondellBasell (LYB) Target to $38, Says Dividend Cut May Not Be Enough On February 23, BMO Capital raised its price recommendation on LyondellBasell Industries N.V. (NYSE:LYB) to $38 from $36. It reiterated an Underperform rating on the stock. The analyst said management went ahead with the long-expected dividend cut to help steady the balance sheet. Even after the reduction, the analyst believes the dividend may still not be at a fully safe level. Weak demand continues to weigh on the business, which makes the current payout harder to sustain, the analyst told investors in a research note. LyondellBasell also revised its 2030 climate and circularity targets. The update reflects tighter capital discipline and the reality of current market conditions, while keeping the company's long-term sustainability direction in place. The compa Show less Read more
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