Westlake shares are trading higher after UBS maintained a Neutral rating on the stock and raised its price target from $127 to $139.
Portfolio Pulse from Benzinga Newsdesk
Westlake's stock (WLK) is trading higher following UBS's decision to maintain a Neutral rating but increase the price target from $127 to $139.
December 14, 2023 | 5:32 pm
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POSITIVE IMPACT
UBS has raised the price target for Westlake from $127 to $139, maintaining a Neutral rating, which has led to an increase in the stock's trading price.
The increase in Westlake's price target by UBS is a positive signal to investors, suggesting potential undervaluation at the previous target. Although the rating remains Neutral, the raised target can lead to increased investor confidence and a short-term rise in stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90