Wells Fargo reiterates Buy for LyondellBasell stock at USD 70 target
Published on 10/18/2026 at 13:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTargets and reporting dates
- Wells Fargo reiterated its Buy rating and set a USD 70.00 target on October 15, 2026.
- Second-quarter revenue reached USD 9.18 billion, up 19.8 percent year over year.
- LyondellBasell will announce third-quarter results on October 30, 2026.
LyondellBasell (ISIN NL0009434992) has a USD 70.00 price target from Wells Fargo after the bank reiterated its Buy rating on October 15, 2026, according to Markets Insider. The call comes as LyondellBasell prepares to publish third-quarter results on October 30, 2026.
Second-quarter earnings set the base
LyondellBasell reported second-quarter revenue of USD 9.18 billion, up 19.8 percent from USD 7.66 billion a year earlier, while net profit reached USD 559 million versus USD 114 million. LyondellBasell said second-quarter 2026 net income was USD 559 million, or USD 1.71 per diluted share, after USD 842 million of identified items.
The earnings comparison is stronger than the headline net income figure suggests. The company said identified items reduced earnings by USD 2.59 per diluted share, while EBITDA was USD 1.3 billion including those items and USD 2.1 billion excluding them.
What does the target cut mean?
RBC Capital lowered its target from USD 72.00 to USD 68.00 on October 13, 2026, while keeping an Outperform rating, as Markets Insider reported. The lower target reflects concern about weaker third-quarter earnings and polyethylene pricing after stronger second-quarter conditions.
Three dated signals for investors
On July 31, 2026, LyondellBasell reported second-quarter earnings per share of USD 4.30 against a USD 3.44 consensus estimate, according to Markets Insider. RBC Capital then cut its target to USD 68.00 on October 13, 2026. Wells Fargo reiterated its Buy rating and set a USD 70.00 target on October 15, 2026.
Next reporting date
The next scheduled company event is the third-quarter results release on October 30, 2026, before the U.S. market opens, followed by a webcast at 11:00 a.m. EDT, according to LyondellBasell. The event should clarify whether pricing pressure offsets the strong year-over-year second-quarter comparison.
Market context ahead of results
LyondellBasell had a market capitalization of USD 20.7 billion and a 52-week range of USD 41.58 to USD 83.94 as of October 16, 2026. The competing target signals show a market balancing improved recent earnings against uncertainty around commodity chemical pricing.
The further course of trading is shown by the continuously updated real-time quote of LyondellBasell stock.
LyondellBasell stock facts
- Company: LyondellBasell Industries N.V.
- ISIN: NL0009434992
- Ticker: LYB
- Primary exchange: NYSE
- Market capitalization: USD 20.7 billion (as of October 16, 2026)
- 52-week range: USD 41.58-83.94 (as of October 16, 2026)
- Sector / Industry: Basic Materials / Specialty Chemicals
Market context: Market report S&P 500.
