B of A Securities Upgrades Westlake to Buy, Raises Price Target to $174
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst David Begleiter upgraded Westlake (NYSE:WLK) from Hold to Buy and increased the price target from $138 to $174.
April 18, 2024 | 4:32 pm
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Westlake's stock rating was upgraded to Buy from Hold by B of A Securities, with a price target increase to $174 from $138.
The upgrade to Buy and the significant increase in price target by a reputable analyst like David Begleiter suggests a strong bullish outlook for Westlake. This is likely to positively influence investor sentiment and could lead to a short-term increase in stock price as the market reacts to the new rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100