Citi analyst Patrick Cunningham lowered the firm’s price target on Westlake (WLK) to $93 from $100 and keeps a Buy rating on the shares as part of a Q3 earnings preview for the commodity chemicals group. The firm reduced Q3 and Q4 EBITDA estimates by up to 12% citing weak seasonal demand growth and inventory surplus
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WLK:
- Westlake Corporation: Hold Rating Amid Revised Earnings, Market Challenges, and Inflationary Pressures
- JPMorgan healthcare analysts hold an analyst/industry conference call
- Westlake price target raised to $78 from $73 at JPMorgan
- Westlake Corporation to Acquire ACI/Perplastic Group
- Westlake to acquire global compounding solutions businesses of ACI, no terms