Westlake upgraded to Buy at BofA after ‘overdone’ selloff

As previously reported, BofA analyst Matthew DeYoe upgraded Westlake (WLK) to Buy from Neutral with a price target of $84, down from $87. Top line performance was in line with the firm’s estimates in building products, though mix was worse, making it ultimately the primary driver of the earnings shortfall and in some respects, the firm doesn’t see much “new” to this print, the analyst tells investors. The firm’s 2026 forecast moves lower, though these headwinds are partially offset by accretion from the ACI acquisition and its lowered price target still implies 22% upside potential from the close, who sees the stock suffering from an “overdone” selloff after the Q3 print and upgraded shares to Buy.