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WLK

Westlake Chemical

$62.52

0.21 (0.34%)

16:28
10/15/19
10/15
16:28
10/15/19
16:28

Westlake Chemical initiated with a Market Perform at Wells Fargo

Wells Fargo analyst Micheal Sison initiated coverage of Westlake Chemical with a Market Perform rating and $70 price target.

  • 05

    Nov

WLK Westlake Chemical
$62.52

0.21 (0.34%)

10/09/19
SBSH
10/09/19
DOWNGRADE
Target $23
SBSH
Neutral
Westlake Chemical downgraded to Neutral from Buy at Citi
Citi analyst P.J. Juvekar downgraded Westlake Chemical to Neutral from Buy with a price target of $23, down from $26. The third quarter for Chemicals felt like a continuation of the second quarter, with weak autos and construction activity as well as slowing global trade, Juvekar tells investors in a research note. The analyst has turned cautious on chlor-alkali and has moved to the sidelines on the chlor-alkali chain. Although there is not much capacity on the horizon, demand has been softer this year and is unlikely to pick up, contends Juvekar.
10/03/19
LEHM
10/03/19
NO CHANGE
Target $21
LEHM
Equal Weight
Olin, Westlake Chemical second half EBITDA estimates at risk, says Barclays
Barclays analyst Michael Leithead says lower caustic soda prices "once again lead earnings estimates lower" for both Olin (OLN) and Westlake Chemical (WLK). After September caustic soda contract prices "surprisingly" settled down $10/dst in recent days, the analyst lowered his estimates for both companies. His numbers for both show ~10% downside risk to consensus second half of 2019 EBITDA estimates. Leithead lowered his price target for Equal Weight-rated Olin to $21 from $22 and for Equal Weight-rated Westlake to $65 from $71.
10/02/19
NOMU
10/02/19
NO CHANGE
Target $16
NOMU
Neutral
Nomura Instinet cuts Olin target to $16, remains cautious on Westlake
Nomura Instinet analyst Aleksey Yefremov lowered his price target for Olin (OLN) to $16 from $20 citing the "downside surprise" to caustic soda prices. IHS reported last Friday that the caustic soda domestic contract index declined $10/ton month-over-month in September, a surprise, says the analyst, who had expected a flat to down $5/ton settlement. He believes the caustic soda price declines contrast with what should have been a tight supply picture, as 9% of the U.S. capacity experienced outages in September. As such, Yefremov interprets the September settlement as a fairly strong indicator of oversupply in the domestic caustic soda market, and he struggles "to see major positive catalysts on the horizon." The analyst keeps a Neutral rating on Olin and also remains cautious on Westlake Chemical (WLK).
08/16/19
BOFA
08/16/19
NO CHANGE
BOFA
BofA/Merrill shakes up ratings in chemicals space with 2 upgrades, 4 downgrades
BofA Merrill Lynch analyst Steve Byrne said it appears that risks of U.S. economic contagion from the broader global macro slowdown are "steadily building." Given this view, he has generally moved to be more cautious on the earnings outlook and ratings for stocks with global industrial exposure, resulting in his upgrade of two chemicals stocks and his downgrades of four others. Byrne downgraded Dow Inc. (DOW) to Underperform from Neutral and Westlake Chemical (WLK) to Underperform from Buy, noting their commodity exposure. He downgraded Axalta Coating (AXTA) to Neutral from Buy and cut PPG (PPG) to Underperform from Neutral as he is getting more cautious about their revenue prospects. He upgraded Venator Materials (VNTR) to Buy from Underperform, citing what he views as an attractive risk-reward as he expects earnings will grow in 2020, driven by product upgrades and productivity initiatives. Byrne also upgraded Nutrien (NTR) to Neutral from Underperform as he believes Ag stocks could prove to be defensive plays.

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CMI

Cummins

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  • 21

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AON

Aon plc

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1.73 (0.87%)

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HD

Home Depot

$225.91

-13.07 (-5.47%)

09:32
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BRY

Berry Petroleum

$8.90

-2.405 (-21.27%)

09:31
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09:31
Downgrade
Berry Petroleum rating change  »

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NTNX

Nutanix

$28.68

0.02 (0.07%)

09:30
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09:30
Upgrade
Nutanix rating change  »

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MCO

Moody's

$223.38

2.5 (1.13%)

, SPGI

S&P Global

$267.91

3.88 (1.47%)

09:30
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Conference/Events
Washington Association of Money Managers to hold a dinner meeting »

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MCO

Moody's

$223.38

2.5 (1.13%)

SPGI

S&P Global

$267.91

3.88 (1.47%)

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  • 20

    Nov

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FX Action: USD-CAD »

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GHG

GreenTree Hospitality

$11.25

(0.00%)

09:29
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Earnings
Breaking Earnings news story on GreenTree Hospitality »

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  • 20

    Nov

MGM

MGM Resorts

$31.81

0.29 (0.92%)

, MGP

MGM Growth

$32.46

-0.39 (-1.19%)

09:29
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Recommendations
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MGM

MGM Resorts

$31.81

0.29 (0.92%)

MGP

MGM Growth

$32.46

-0.39 (-1.19%)

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  • 20

    Nov

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GHG

GreenTree Hospitality

$11.25

(0.00%)

09:28
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09:28
Earnings
GreenTree Hospitality reports Q3 core EPS 18c, consensus 20c »

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  • 20

    Nov

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SSW

Seaspan

$11.19

0.26 (2.38%)

09:25
11/20/19
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09:25
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Conference/Events
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  • 22

    Nov

CARG

CarGurus

$39.71

0.5 (1.28%)

09:25
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Recommendations
CarGurus analyst commentary  »

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  • 04

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LOW

Lowe's

$113.41

-1.62 (-1.41%)

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  • 20

    Nov

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FTNT

Fortinet

$105.04

1.24 (1.19%)

09:25
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Conference/Events
Fortinet to host analyst day »

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NTGR

Netgear

$26.37

-0.03 (-0.11%)

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OSTK

Overstock.com

$7.88

-0.2 (-2.48%)

09:25
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Conference/Events
Overstock.com to host analyst & investor day »

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  • 20

    Nov

DSX

Diana Shipping

$3.46

0.01 (0.29%)

09:23
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Diana Shipping announces direct continuation of contract for m/v Polymnia »

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  • 02

    Dec

RDHL

RedHill Biopharma

$6.02

-0.06 (-0.99%)

09:23
11/20/19
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09:23
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09:23
Conference/Events
RedHill Biopharma to host investor & analyst day »

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  • 22

    Nov

KSS

Kohl's

$47.01

-11.38 (-19.49%)

09:22
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Recommendations
Kohl's analyst commentary  »

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  • 05

    Dec

09:18
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Conference/Events
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