LyondellBasell stock jumps 89% YTD; Wells Fargo raises target to $87 on polyethylene price recovery.

LyondellBasell's stock has surged 88.76% year-to-date, driven by tighter polyethylene supply, improved oxyfuels margins, and moderated feedstock costs. Wells Fargo raised its price target to $87, citing inventory reductions and seasonal demand as key growth drivers through 2027. The company also exceeded cash improvement goals and reduced capital expenditures, supporting sustainable dividends. The stock's path to $87 depends on continued polyethylene price strength, oxyfuels margin recovery, and stable feedstock costs amid industry risks like global overcapacity.