LyondellBasell Industries (LYB) is expected to continue facing margin pressure in Q3 as softness in intermediates and derivatives, including oxyfuels and styrene, as well as subdued demand in advanced polymers continue to weigh on the company, RBC Capital Markets said in a note Tuesday.
While some improvement is seen in polyethylene demand in the US and Europe, RBC said it does not expect EBITDA to return to mid-cycle levels in the near term.
The firm cut its Q3, 2025 and 2026 EBITDA estimates to $800 million, $2.78 billion and $3.5 billion, respectively, from $951 million, $3.2 billion and $4 billion.
RBC Capital Markets maintained a sector perform rating on LyondellBasell and lowered its price target to $54 from $64.
Price: 52.60, Change: +1.70, Percent Change: +3.33
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