Dow, LyondellBasell upgraded at Citi as energy shock reshapes chemicals outlook (NYSE:DOW)
Citi upgraded Dow and LyondellBasell, among other U.S. chemical producers, citing the impact of rising geopolitical tensions in the Middle East and global energy flow disruptions. The analyst forecasts significant earnings increases for these companies due to stronger margins and increased spreads, as U.S. producers benefit from their stable, low-cost natural gas feedstocks compared to higher oil-based feedstock costs globally. However, risks remain tied to the duration of the conflicts.
https://seekingalpha.com/news/4563858-dow-lyondellbasell-upgraded-at-citi-as-energy-shock-reshapes-chemicals-outlook