Citigroup cuts PT on chemical companies amid slumping polyethylene prices

Dow

19/11/2025 13:03

** Citigroup cuts price target on chemical companies LyondellBasell LYB.N and Dow DOW.N as dropping polyethylene prices reflect deeper discounts in the summer

** "We also find the increasing frequency of discounts concerning as it reflects a worsening demand environment and bearish setup in 2026"- brokerage

** Citigroup believes that more closures from the western hemisphere will be required to backstop declining profit

Brokerage changes PT on the following companies:

Company
New PT
Old PT
% upside or downside to stock's last close
LyondellBasell LYB.N
$43
$47
1.7% downside
Dow Inc DOW.N
$23
$25
5.3% upside

 (Reporting by Dharna Bafna in Bengaluru)

 ((dharna.bafna@thomsonreuters.com))