UBS Maintains Neutral on Westlake, Raises Price Target to $139
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Raskin has maintained a Neutral rating on Westlake (NYSE:WLK) and increased the price target from $127 to $139.
December 14, 2023 | 4:21 pm
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POSITIVE IMPACT
UBS has maintained a Neutral rating on Westlake but raised the price target from $127 to $139, indicating a positive outlook on the stock's value.
The increase in price target by UBS suggests that the analyst sees a higher potential value for Westlake shares, which could lead to positive investor sentiment and a potential increase in the stock price in the short term. However, the Neutral rating indicates that the analyst does not see significant catalysts for a more aggressive investment stance, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100