Citigroup Maintains Neutral on Westlake, Raises Price Target to $129
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Patrick Cunningham maintains a Neutral rating on Westlake (NYSE:WLK) and raises the price target from $114 to $129.
July 12, 2023 | 2:05 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Westlake and raises the price target from $114 to $129.
The news is directly about Westlake. Citigroup's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $114 to $129 suggests a positive long-term outlook. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100