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Westlake price target lowered to $103 from $125 at BMO Capital

BMO Capital lowered the firm’s price target on Westlake (WLK) to $103 from $125 and keeps a Market Perform rating on the shares. The company’s Q1 results missed expectations mostly led by the PEM – Performance and Essential Materials – segment, with a mix of higher ethane/natgas and unplanned downtime driving he negative surprise, the analyst tells investors in a research note.

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