KeyBanc analyst Aleksey Yefremov raised the firm’s price target on Westlake to $115 from $112 and keeps an Underweight rating on the shares. While earnings are likely to bottom in 2H23, KeyBanc believes the recovery will be slow and shallow as demand in China remains weak relative to fairly modest stimulus, the analyst tells investors in a research note.
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Read More on WLK:
- Westlake reports Q2 EPS $2.31, consensus $2.93
- Westlake price target raised to $140 from $127 at Fermium Research
- Westlake price target raised to $112 from $106 at KeyBanc
- Westlake price target lowered to $135 from $144 at BofA
- Westlake price target lowered to $106 from $107 at KeyBanc
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