Citi analyst Patrick Cunningham upgraded Westlake (WLK) to Buy from Neutral with a price target of $140, down from $152. The firm thinks investors should buy the shares on the recent lag ahead of a potential housing rebound in the second half of 2025 or 2026, noting Westlake continues to gain share. While Citi is less constructive on commodity chemical fundamentals, it sees the potential for better pull-through of PVC and modest caustic improvements. In addition, epoxies have room for multi-year improvement supported by favorable anti-dumping rulings, the analyst tells investors in a research note. Citi adds Westlake has a strong balance sheet with ability to support shareholder yield and potential acquisitions.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on WLK:
- Westlake Chemical Appoints Roger A. Cregg to Board
- Westlake price target lowered to $165 from $171 at BMO Capital
- Westlake price target lowered to $167 from $170 at RBC Capital
- DOJ investigating PVC prices after short seller report, FT says
- Westlake price target lowered to $175 from $180 at Barclays
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
