JPMorgan upgraded Westlake (WLK) to Neutral from Underweight with a price target of $110, down from $135. The firm says value investors might find Westlake attractive given its “stable cash flow generation, excellent balance sheet, and its experienced and astute management.” JPMorgan reduced 2025 EBITDA estimates for the company but upgraded the shares on valuation.
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 $132 from $157 at BMO Capital
- Westlake price target lowered to $133 from $147 at RBC Capital
- Westlake price target lowered to $122 from $130 at Morgan Stanley
- Westlake’s Earnings Call: Record HIP Gains Amid PEM Challenges
- Westlake price target lowered to $132 from $155 at Mizuho