BMO Capital analyst Bhavesh Lodaya lowered the firm’s price target on Westlake (WLK) to $94 from $103 and keeps a Market Perform rating on the shares. Westlake retains its positive traits that include a solid balance sheet, a relatively robust HIP – Housing and Infrastructure Products segment – platform and ongoing productivity actions, but the short-term commodity fundamentals for its PEM – Performance and Essential Materials segment – platform are trending materially weaker vs. prior expectations, the analyst tells investors in a research note.
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Read More on WLK:
- 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
- Westlake price target lowered to $100 from $105 at Piper Sandler
- Westlake Chemical Approves Board Members and Auditor
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