Westlake price target lowered to $117 from $132 at Truist

Truist analyst Peter Osterland lowered the firm’s price target on Westlake (WLK) to $117 from $132 but keeps a Buy rating on the shares after its Q1 results. The company’s Performance and Essential Materials segment earnings should improve sequentially going forward, though likely with meaningful y/y margin pressure continuing in Q2, the analyst tells investors in a research note.