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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Read More on WLK:
- Westlake Chemical Faces Cost Challenges and Market Pressures, Holds Rating Amid Uncertain Outlook
- Westlake price target lowered to $95 from $110 at Wells Fargo
- Resilient Growth and Strategic Positioning: Westlake Chemical’s Buy Rating Amidst Macroeconomic Challenges
- Westlake price target lowered to $117 from $132 at Truist
- Westlake price target lowered to $100 from $135 at Barclays
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