Fermium Research Downgrades LyondellBasell (LYB) to Hold, Keeps $50 Target

Group 1 - Fermium Research downgraded LyondellBasell Industries N.V. from Buy to Hold, maintaining a price target of $50 [1] - LyondellBasell's stock has decreased by over 40% since the beginning of 2025, attributed to higher input costs, weak product demand, and increased competition [2] - In Q3 2025, LyondellBasell reported revenues of $7.73 billion, a 10% decline year-over-year, and an EBITDA loss of $835 million compared to $1.17 billion in the same quarter last year [2] Group 2 - The company demonstrated a strong cash position with a cash conversion rate of 135% in Q3, indicating progress on its cash improvement plan [3] - CEO Peter Z. Vanacker stated that LyondellBasell is on track to achieve a cash flow target of $600 million in 2025 and at least $1.1 billion by the end of 2026 [3] - The company generated $983 million in operating cash flow and returned $443 million to investors through dividends [3] Group 3 - LyondellBasell is recognized as a global chemical company and one of the largest producers of polymers, leading in polyolefin technologies [4]