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barclays lowers price target for lyondellbasell industries to seventy two dollars
Barclays has lowered its price target for LyondellBasell Industries to $72 from $80 while maintaining an equal-weight rating. LyondellBasell, a leading global chemical group, generates net sales primarily from olefins and polyolefins (40.8%), intermediate chemical products (26.5%), and refining activities (22.3%), with a significant presence in the U.S. market (48.7%). The company operates 32 production sites worldwide.
Cramer's Stock Insights: Recommendations and Warnings on Key Companies
In a recent analysis, Lumen Technologies is advised to be avoided due to its inflated stock price, while BlackRock is seen as a solid long-term investment despite short-term fluctuations. Exxon Mobil is considered overvalued compared to Chevron, and ON Semiconductor is expected to decline further. Conversely, LyondellBasell and Applied Industrial Technologies are viewed positively, with the latter being a favored company in the current market.
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