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Fly News Breaks for August 24, 2015
WLK
Aug 24, 2015 | 08:27 EDT
Cowen lowered its price target on Westlake Chemical to $65 from $84 as the falling price of oil is closing the ethylene chain margin gap enjoyed by U.S. producers. Cowen maintains its Outperform rating on the stock, citing the company's strong balance sheet and the potential to take advantage of acquisitions in the weakening environment.
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