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Westlake price target lowered to $85 from $95 at Citi

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.”

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