Why LyondellBasell's Stock Is Trading Higher Today

LyondellBasell LYB shares are trading higher on Tuesday, after Deutsche Bank upgraded the stock from Hold to Buy and announced a $72 price target.

LyondellBasell Industries NV is a petrochemical producer with operations in the U.S. and Europe. The company is a major producer of polyethylene.

It operates in six segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Advanced Polymer Solutions (APS), Refining and Technology.

LyondellBasell shares were trading up 9.61% at $66.24 on Tuesday. The stock has a 52-week high of $98.91 and a 52-week low of $33.71.

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