Citi raised the firm’s price target on Westlake (WLK) to $130 from $124 and keeps a Buy rating on the shares. The firm moved up its commodity chemical forecasts significantly with the Iran conflict and closure of the Strait of Hormuz impacting capacity and shipments.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WLK:
- Warren Buffett’s (BRK.B) Final Deal to Buy Occidental Chemicals Looks Like a Genius Move
- Westlake upgraded to Outperform from Market Perform at BMO Capital
- Westlake price target raised to $120 from $100 at Alembic Global
- Westlake price target raised to $115 from $82 at BofA
- Westlake price target raised to $111 from $78 at Goldman Sachs