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Fly News Breaks for August 10, 2015
LYB, DOW, WLK
Aug 10, 2015 | 05:59 EDT
Goldman Sachs analyst Brian Maguire downgraded Westlake Chemical (WLK) to Sell saying Dow Chemical (DOW) and LyondellBasell (LYB) offer better relative value at current share levels. Maguire also thinks 2016 and 2017 consensus earnings estimates for Westlake look too high. He cut his price target for the stock to $60 from $66.
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