LyondellBasell: The 40% YTD Rally Doesn't Fully Account For A Potential Recovery
LyondellBasell has rebounded over 40% YTD and this could be the beginning of a long-awaited recovery. The market is pricing in a quick normalization within the industry, and the odds of such a scenario are not very high. LYB stock is still priced conservatively with a potential catalyst over the coming months, if supply chains do not recover as quickly as currently expected.