Piper Sandler lowered the firm’s price target on Westlake (WLK) to $100 from $105 and keeps a Neutral rating on the shares. The firm is updating its Westlake model to reflect the release of Q1 2025 earnings, updated guidance for Q2 2025 and full year 2025, and revisions to its macroeconomic and oil outlooks, which is forecasting lower economic growth through at least 2026 and a loss of oil price discipline which might push oil pricing down well below $60/bbl.
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