Citigroup Initiates Coverage On Westlake with Neutral Rating, Announces Price Target of $114
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Patrick Cunningham initiates coverage on Westlake (NYSE: WLK) with a Neutral rating and announces a price target of $114.
June 14, 2023 | 9:12 am
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NEUTRAL IMPACT
Citigroup initiates coverage on Westlake with a Neutral rating and a price target of $114.
Citigroup's initiation of coverage on Westlake with a Neutral rating suggests that the stock is fairly valued at its current price. The announcement of a $114 price target indicates that Citigroup believes there is limited upside potential in the short term. This news is directly related to Westlake and is important for investors, but the Neutral rating suggests a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100