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Fly News Breaks for February 19, 2020
WLK
Feb 19, 2020 | 07:45 EDT
Citi analyst P.J. Juvekar lowered the firm's price target on Westlake Chemical to $65 from $74 and keeps a Neutral rating on the shares. The analyst reduced his estimates to reflect weaker olefin and ECU spreads after the company's EBIT margins fell 530 basis points to 5.7% in Q4. He sees limited upside in the shares until industrial activity recovers.
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