Wells Fargo Upgrades LyondellBasell (NYSE:LYB) Stock Rating

Font: Financial Modeling Prep  • May 28, 2026

• Wells Fargo has upgraded its rating on LyondellBasell (NYSE:LYB) to Overweight, signaling a positive shift in its investment outlook.
• LyondellBasell (NYSE:LYB) holds a Zacks Rank of #1 (Strong Buy), indicating a robust and improving earnings outlook within the chemical sector.
• The stock demonstrates strong relative price performance, outperforming the S&P 500 index over multiple periods, reflecting positive market sentiment.

On May 28, 2026, Wells Fargo, a prominent financial institution, upgraded its rating on LyondellBasell (NYSE:LYB) to Overweight from Reduce. This significant stock upgrade signals a positive change in the bank's view of the chemical company's future stock performance. LyondellBasell is a major player in the chemical industry, competing with peers like Air Liquide.

This optimism is shared by other investment analysts. As highlighted by Zacks Investment Research, LyondellBasell holds a Zacks Rank of #1 (Strong Buy). This top ranking, which is higher than its peer Air Liquide's #2 (Buy) rank, suggests a strong and improving earnings outlook for the company within the chemical sector.

The positive outlook is driven by recent upward revisions to LyondellBasell's earnings estimates. Analysts are becoming more confident about the chemical company's future profits. Specifically, estimates for LyondellBasell's 2026 earnings have increased over the past 60 days, reflecting positive financial performance trends.

This positive sentiment is reflected in the stock's performance. LyondellBasell is showing relative price strength, outperforming the S&P 500 index over one-week, four-week, and twelve-week periods. This indicates the stock is gaining more than the broader market, showcasing favorable market trends.

At the time of the rating change, LyondellBasell's stock price was $67.67. The stock has a 52-week range between $41.58 and $83.94, showing significant price movement over the past year. The company has a market capitalization of approximately $21.84 billion.