JP Morgan Downgrades Westlake to Underweight, Raises Price Target to $123
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Jeffrey Zekauskas has downgraded Westlake (NYSE:WLK) from Neutral to Underweight and raised the price target from $120 to $123.
August 08, 2023 | 9:37 am
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NEGATIVE IMPACT
Westlake's stock has been downgraded to Underweight by JP Morgan, which could lead to a decrease in its stock price. However, the price target has been raised to $123.
The downgrade to Underweight suggests that JP Morgan believes Westlake's stock will underperform the market or its sector in the short term, which could lead to a decrease in its stock price. However, the increase in the price target indicates that JP Morgan still sees some upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100