2021-03-08 07:26:50 WLK Westlake Chemical
03/08/21 03/0807:26 03/08/2107:26 | Westlake Chemical price target raised to $98 from $92 at JPMorganJPMorgan analyst Jeffrey Zekauskas raised the firm's price target on Westlake Chemical to $98 from $92 and keeps an Overweight rating on the shares. Commodity trends for Westlake are strengthening in both its vinyls and in its olefins and polyolefins segment, Zekauskas tells investors in a research note. Storms and cold spells late in 2020 and early in 2021 have tightened the domestic PVC markets and the domestic PE markets leading to positive price dynamics in both, says the analyst. He estimates Westlake's EBITDA to rise from $1.25B to $2.15B in 2021. | |
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