B of A Securities Downgrades Westlake to Underperform, Lowers Price Target to $129
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Steve Byrne has downgraded Westlake (NYSE:WLK) from Neutral to Underperform and lowered the price target from $142 to $129.
October 18, 2023 | 12:18 pm
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Westlake has been downgraded from Neutral to Underperform by B of A Securities, with a lowered price target from $142 to $129.
The downgrade from B of A Securities is a negative signal for Westlake. The lowered price target suggests that the analyst believes the stock is overvalued at current levels, which could lead to selling pressure and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100