LyondellBasell Industries Stock Slumps Amid Bearish Analyst Sentiment

LyondellBasell Industries (LYB) shares tumbled more than 4% on Monday, sharply underperforming a broader market rally. The chemical conglomerate's weak second-quarter earnings report continued to weigh on investor sentiment, compounded by a wave of analyst price target cuts.

Revenue dipped slightly year-over-year to $7.66 billion, while adjusted net income of $202 million missed consensus estimates despite nearly doubling. The earnings shortfall prompted analysts to reassess their valuations, with Citigroup's Michael Sison cutting his price target to $65 from $75 while maintaining an overweight rating.

Mizuho's John Roberts took a more cautious stance, reducing his target to $62 and keeping a neutral recommendation. The bearish revisions reflect growing concerns about the company's near-term prospects in a challenging chemical market environment.