Wells Fargo analyst Michael Sison downgraded Westlake (WLK) to Equal Weight from Overweight with a price target of $76, down from $95. The firm believes industry operating rates in North America for polyethylene and polyvinyl chloride started Q2 “on a weaker note” due to tariff uncertainty, making it difficult for Westlake to post quarter-over-quarter EBITDA growth in the quarter. The firm believes these headwinds will “mute” Westlake’s multiple expansion.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WLK:
- Westlake price target lowered to $100 from $105 at Piper Sandler
- Westlake Chemical Approves Board Members and Auditor
- Westlake price target lowered to $98 from $122 at Morgan Stanley
- Westlake price target lowered to $90 from $103 at BofA
- Westlake Chemical: Resilience Amid Challenges and Strategic Growth Opportunities