As previously reported, BofA analyst Steve Byrne downgraded Westlake to Neutral from Buy with a price target of $134, down from $142, reflecting what the firm calls its "more conservative PVC outlook" and what it views as "an overly optimistic consensus" forecast. Domestic demand "remains tepid," while internationally "the rush of buying from India is over," the analyst tells investors.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on WLK:
- Westlake downgraded to Neutral from Buy at BofA
- Westlake upgraded to Overweight from Neutral at Piper Sandler
- Westlake price target raised to $107 from $103 at KeyBanc
- Westlake price target raised to $122 from $118 at Barclays
- Westlake price target raised to $130 from $110 at Piper Sandler
Questions or Comments about the article? Write to editor@tipranks.com