How the world is preparing for oil shortages
It may not be those hit first who experience the most pain if the Strait of Hormuz stays closed
5 stories found
It may not be those hit first who experience the most pain if the Strait of Hormuz stays closed
Several financial firms have updated their ratings and price targets for a range of companies, including WesBanco, Bank OZK, LyondellBasell, W. P. Carey, Citizens Financial, Enbridge, Realty Income, Dominion Energy, Prudential Financial, Best Buy, Campbell's, Global Partners, Innovative Industrial Properties, and National Storage Affiliates, reflecting new coverage, earnings reviews, and market outlooks.

Stock markets are demonstrating resilience despite ongoing geopolitical tensions, with investors expressing hope for stability following reports of a fragile ceasefire in the Strait of Hormuz, which has contributed to a market rally.
BMO Capital has raised its target for LyondellBasell (LYB) to $38 but suggests that a potential dividend cut by the company might not be sufficient to address its financial challenges.
LyondellBasell (LYB) shares climbed 10.3% after Citi issued a 'Buy' rating and hiked its price target by 55%.