UBS Maintains Neutral on Westlake, Raises Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Raskin has maintained a Neutral rating on Westlake (NYSE:WLK) and increased the price target from $139 to $145.
January 11, 2024 | 3:51 pm
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POSITIVE IMPACT
UBS has maintained a Neutral rating on Westlake and raised the price target from $139 to $145, indicating a potential upside from the previous target.
The increase in price target by UBS suggests a positive outlook on Westlake's valuation, which could lead to a short-term increase in investor confidence and potentially a rise in the stock price. However, since the rating remains Neutral, the impact may be moderate as it does not indicate a strong buy or sell signal.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100