Westlake price target lowered to $155 from $166 at Truist

Truist analyst Peter Osterland lowered the firm’s price target on Westlake (WLK) to $155 from $166 and keeps a Buy rating on the shares. The firm is reducing its 2025/2026 estimates to reflect a more conservative outlook, particularly for first half earnings within the PEM segment, driven in part by input cost pressure and outage-related costs, but the firm continues to believe that current share price undervalues the strength of the company’s integrated portfolio, diversification into building products, and healthy balance sheet, the analyst tells investors in a research note.