KeyBanc Turns Bullish on LyondellBasell (LYB), Sets $73 Target amid Commodity Tailwinds

LyondellBasell Industries N.V. (NYSE:LYB) is included among the 15 Best High Dividend Stocks to Invest in Under $100.

On March 4, KeyBanc Capital Markets upgraded LyondellBasell Industries N.V. (NYSE:LYB) to Overweight from Sector Weight. The firm set a $73 price target on the shares. The firm adjusted several ratings in the chemicals sector as part of what it described as an Iran war “commodities playbook.” Analysts said the conflict could act as a positive catalyst for US petrochemical companies.

KeyBanc noted that higher crude oil prices could lift the global cost curve, creating “upside risks” to commodity margins over the next few quarters. The firm also pointed out that the conflict could temporarily tighten global polyethylene supply by 5% to 10%, especially with inventories across the supply chain already running low.

Earlier, on February 20, the company reduced its first-quarter dividend. Management cited one of the longest downturns the chemicals industry has faced. The company declared a quarterly dividend of $0.69 per share. That marked a $0.68 reduction from the dividend paid in the fourth quarter. CEO Peter Vanacker made the following comment:

“Despite one of the longest downturns in our industry, LYB was able to return approximately $2 billion to our shareholders from existing cash and operations in 2025. With markets expected to remain challenged, we have made the decision to recalibrate the dividend to better position the company to thrive once markets recover.”

LyondellBasell Industries N.V. (NYSE:LYB) is a global, independent chemical company focused on developing solutions for everyday sustainable living. The company operates through several segments, including Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Advanced Polymer Solutions (APS), and Technology.

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