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Fly News Breaks for September 7, 2018
WLK
Sep 7, 2018 | 07:51 EDT
As reported previously, Cowen analyst Charles Nievert downgraded Westlake Chemical to Market Perform from Outperform to reflect a more challenging margin environment over the next 2-3 quarters in ethylene chain products, especially PE. He sees heightened downside margin risk from rising costs combined with lower product prices. Nievert lowered his price target to $100 from $120 on Westlake Chemical shares.
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