Citi raised the firm’s price target on Westlake (WLK) to $100 from $85 and keeps a Buy rating on the shares. The firm sees the shares benefitting from a recovery in U.S. housing. This should drive a return to mid-cycle operating rates for Westlake, the analyst tells investors in a research note. Citi recommends a pair trade of Westlake over Olin.
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