BofA raised the firm’s price target on Westlake (WLK) to $115 from $82 and keeps a Buy rating on the shares following stronger Q4 results and early signs of possible cycle acceleration. Across earnings, and at the firm’s conference, the firm found Westlake to be “cautiously optimistic that the outlook for chlor-alkali and vinyls and its own earnings profile are improving,” the analyst tells investors.
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