Citi analyst Patrick Cunningham lowered the firm’s price target on Westlake (WLK) to $85 from $95 and keeps a Buy rating on the shares. The firm cut Q2 and fiscal 2025 EBITDA estimates to reflect headwinds stemming from weak Performance and Essential Materials fundamentals and “more muted” repair and remodel seasonal pick up. However, the analyst sees Westlake’s risk/reward as “skewed to the upside with a strong balance sheet and operating leverage to a housing market recovery.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WLK:
- Westlake price target lowered to $90 from $105 at Deutsche Bank
- Westlake price target lowered to $94 from $103 at BMO Capital
- Hold Rating for Westlake Chemical Amid Weakened Short-Term Fundamentals and Challenging Commodity Backdrop
- Hold Rating for Westlake Chemical Amidst Operational Challenges and Tariff Uncertainties
- Westlake downgraded to Equal Weight from Overweight at Wells Fargo