Fermium Research analyst Frank Mitsch raised the firm’s price target on Westlake to $140 from $127 and keeps a Buy rating on the shares. After having hosted CFO Steve Bender, the firm said current business conditions are “clearly on the ‘sluggish’ side when discussing PEM,” though the current demand picture was “modestly better when looking at” the HIP segment.
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Read More on WLK:
- 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
- Westlake initiated with a Neutral at Citi
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