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Fly News Breaks for January 16, 2018
WLK
Jan 16, 2018 | 08:04 EDT
As previously reported, BofA/Merrill downgraded Westlake Chemical to Underperform from Neutral with a $105 price target. Analyst Steve Byrne views Westlake's valuation as "stretched" and sees meaningful headwinds in polyethylene due to meaningful US supply growth. Byrne adds market share loss and contract resets are not reflected in expectations.
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