Westlake price target lowered to $104 from $119 at BofA

BofA analyst Matthew DeYoe lowered the firm’s price target on Westlake (WLK) to $104 from $119 and keeps a Neutral rating on the shares. Investors were growing increasingly concerned about the Q1 print, though “the headline still managed to disappoint,” says the analyst, who adds that the “confidence interval is lower” following the Q1 miss and the sequential starting point to profits is also lower.