LyondellBasell price target lowered to $98 from $102 at Barclays

Barclays lowered the firm’s price target on LyondellBasell to $98 from $102 and keeps an Equal Weight rating on the shares post the Q4 report. While the company continues to progress on key strategic priorities, the elongated chemical downcycle and normalizing energy spreads continue to challenge the earnings outlook, the analyst tells investors in a research note.