Truist initiated coverage of Westlake (WLK) with a Buy rating and $168 price target Westlake has created a vertically integrated market leader in its core business by assembling a synergistic chemicals and building products portfolio, the analyst tells investors. The firm sees upside to the company’s current valuation, given that its significant cash balance provides an opportunity for either expansion of the Housing & Infrastructure Products portfolio via marketing and acquisitions or increased return of cash to shareholders.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WLK:
- Westlake price target lowered to $147 from $167 at RBC Capital
- Westlake upgraded to Buy from Neutral at UBS with earnings near trough
- Westlake upgraded to Buy from Neutral at UBS
- Westlake price target lowered to $135 from $165 at Deutsche Bank
- Westlake price target lowered to $135 from $155 at Piper Sandler