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Earnings
Westlake Chemical reports Q2 EPS $4.04 ex-items, consensus $3.34 » 06:40
08/03/21
08/03
06:40
08/03/21
06:40
WLK

Westlake Chemical

$81.82 /

-1.03 (-1.24%)

Reports Q2 revenue $2.9B,…

Reports Q2 revenue $2.9B, consensus $2.69B. Q2 EPS excludes one-time tax benefits. "This is an exciting time for Westlake. In the second quarter, we achieved record quarterly earnings as we continue to benefit from the global economic recovery and expansion that began in the summer of 2020 with strong demand for our products driving higher sales prices and margins," said Albert Chao, President and CEO. "The strong demand we experienced across our product offerings during the quarter illustrates our earnings capability. As global supply chains and manufacturing recover to meet demand, Westlake is well positioned to deliver strong results."

ShowHide Related Items >><<
WLK Westlake Chemical
$81.82 /

-1.03 (-1.24%)

WLK Westlake Chemical
$81.82 /

-1.03 (-1.24%)

07/21/21
Fly Intel: Top five analyst upgrades
07/21/21 RBC Capital
Westlake Chemical upgraded to Outperform from Sector Perform at RBC Capital
07/21/21 RBC Capital
Westlake Chemical upgraded to Outperform from Sector Perform at RBC Capital
07/16/21 BofA
Westlake Chemical upgraded to Neutral from Underperform at BofA
WLK Westlake Chemical
$81.82 /

-1.03 (-1.24%)

Hot Stocks
Westlake Chemical to acquire Dimex, terms undisclosed » 05:26
08/03/21
08/03
05:26
08/03/21
05:26
WLK

Westlake Chemical

$81.82 /

-1.03 (-1.24%)

Westlake Chemical…

Westlake Chemical announced plans for one of its subsidiaries to acquire the parent company of Dimex, from Grey Mountain Partners, a private equity firm. Based in Marietta, Ohio, Dimex produces a variety of consumer products made from post-industrial-recycled, or PIR, polyvinyl chloride, or PVC, polyethylene, or PE, and thermoplastic elastomer, or TPE, materials, and has annualized sales of approximately $100M. These consumer products include landscape edging; industrial, home and office matting; marine dock edging; and masonry joint controls. The proposed transaction is subject to customary closing conditions, including the expiration or termination of the applicable waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, and is expected to close during the second half of 2021. Over the last four years, Dimex has secured 29 U.S. patents for its products.

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WLK Westlake Chemical
$81.82 /

-1.03 (-1.24%)

WLK Westlake Chemical
$81.82 /

-1.03 (-1.24%)

07/21/21
Fly Intel: Top five analyst upgrades
07/21/21 RBC Capital
Westlake Chemical upgraded to Outperform from Sector Perform at RBC Capital
07/21/21 RBC Capital
Westlake Chemical upgraded to Outperform from Sector Perform at RBC Capital
07/16/21 BofA
Westlake Chemical upgraded to Neutral from Underperform at BofA
WLK Westlake Chemical
$81.82 /

-1.03 (-1.24%)

Over a week ago
Upgrade
Fly Intel: Top five analyst upgrades » 09:55
07/21/21
07/21
09:55
07/21/21
09:55
HAL

Halliburton

$20.70 /

+0.64 (+3.19%)

, IAC

IAC

$137.46 /

+2.8 (+2.08%)

, WLK

Westlake Chemical

$82.85 /

+2.17 (+2.69%)

, EA

Electronic Arts

$142.31 /

+1.26 (+0.89%)

, ALGT

Allegiant Travel

$192.72 /

+4.16 (+2.21%)

Catch up on today's…

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Halliburton (HAL) upgraded to Neutral from Underperform at Exane BNP Paribas and upgraded to Buy from Neutral at Goldman Sachs following Q2 earnings. 2. IAC (IAC) upgraded to Outperform from Market Perform at BMO Capital with analyst Daniel Salmon saying the stock's valuation "looks attractive again," and catalysts could include further spin activity relating to DotDash or Turo and cash deployment. 3. Westlake Chemical (WLK) upgraded to Outperform from Sector Perform at RBC Capital with analyst Arun Viswanathan saying the company is expected to benefit from strong demand pull in construction, automotive and broader industrial recovery. 4. Electronic Arts (EA) upgraded to Buy from Hold at Deutsche Bank with analyst Benjamin Soff having a "bullish view" on video game industry fundamentals and names Electronic Arts his to pick. 5. Allegiant Travel (ALGT) upgraded to Buy from Neutral at MKM Partners with analyst Conor Cunningham saying the stock is down 1% year-to-date vs. U.S. airline average increase of up to 10%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
WLK Westlake Chemical
$82.85 /

+2.17 (+2.69%)

IAC IAC
$137.46 /

+2.8 (+2.08%)

HAL Halliburton
$20.70 /

+0.64 (+3.19%)

EA Electronic Arts
$142.31 /

+1.26 (+0.89%)

ALGT Allegiant Travel
$192.72 /

+4.16 (+2.21%)

HAL Halliburton
$20.70 /

+0.64 (+3.19%)

07/21/21 Exane BNP Paribas
Halliburton upgraded to Neutral from Underperform at Exane BNP Paribas
07/21/21 Barclays
Halliburton price target raised to $30 from $29 at Barclays
07/21/21 Goldman Sachs
Halliburton upgraded to Buy from Neutral at Goldman Sachs
07/19/21 BofA
Halliburton added to U.S. 1 List at BofA in place of Schlumberger
IAC IAC
$137.46 /

+2.8 (+2.08%)

07/21/21 BMO Capital
IAC upgraded to Outperform from Market Perform at BMO Capital
06/11/21 Piper Sandler
IAC spin of Vimeo brings 'opportunistic entry point,' says Piper Sandler
06/04/21 Truist
IAC price target lowered to $200 from $255 at Truist
05/27/21
Fly Intel: Top five analyst downgrades
WLK Westlake Chemical
$82.85 /

+2.17 (+2.69%)

07/21/21 RBC Capital
Westlake Chemical upgraded to Outperform from Sector Perform at RBC Capital
07/21/21 RBC Capital
Westlake Chemical upgraded to Outperform from Sector Perform at RBC Capital
07/16/21 BofA
Westlake Chemical upgraded to Neutral from Underperform at BofA
06/21/21
Fly Intel: Top five analyst upgrades
EA Electronic Arts
$142.31 /

+1.26 (+0.89%)

07/21/21 Deutsche Bank
Deutsche names Electronic Arts top pick in video games, upgrades to Buy
07/21/21 Deutsche Bank
Electronic Arts upgraded to Buy from Hold at Deutsche Bank
07/19/21 MKM Partners
Electronic Arts 'most attractive name' in video game group, says MKM Partners
07/15/21 Truist
Electronic Arts price target raised to $162 from $160 at Truist
ALGT Allegiant Travel
$192.72 /

+4.16 (+2.21%)

07/21/21 MKM Partners
MKM Partners upgrades Allegiant Travel to Buy on valuation, unique model
07/21/21 Raymond James
Allegiant Travel price target lowered to $260 from $290 at Raymond James
07/21/21 MKM Partners
Allegiant Travel upgraded to Buy from Neutral at MKM Partners
07/13/21 Susquehanna
Susquehanna expands airline coverage with three initiations
WLK Westlake Chemical
$82.85 /

+2.17 (+2.69%)

IAC IAC
$137.46 /

+2.8 (+2.08%)

HAL Halliburton
$20.70 /

+0.64 (+3.19%)

EA Electronic Arts
$142.31 /

+1.26 (+0.89%)

ALGT Allegiant Travel
$192.72 /

+4.16 (+2.21%)

  • 06
    May
HAL Halliburton
$20.70 /

+0.64 (+3.19%)

EA Electronic Arts
$142.31 /

+1.26 (+0.89%)

IAC IAC
$137.46 /

+2.8 (+2.08%)

HAL Halliburton
$20.70 /

+0.64 (+3.19%)

EA Electronic Arts
$142.31 /

+1.26 (+0.89%)

ALGT Allegiant Travel
$192.72 /

+4.16 (+2.21%)

HAL Halliburton
$20.70 /

+0.64 (+3.19%)

EA Electronic Arts
$142.31 /

+1.26 (+0.89%)

Upgrade
Westlake Chemical upgraded to Outperform from Sector Perform at RBC Capital » 06:09
07/21/21
07/21
06:09
07/21/21
06:09
WLK

Westlake Chemical

$80.68 /

+1.9 (+2.41%)

RBC Capital analyst Arun…

RBC Capital analyst Arun Viswanathan upgraded Westlake Chemical to Outperform from Sector Perform with a price target of $105, up from $104. The company is expected to benefit from strong demand pull in construction, automotive and broader industrial recovery, the analyst tells investors in a research note. Viswanathan adds that this marks a good entry point for accumulation by investors following Westlake's acquisition of Boral Limited NA, along with favorable chlor-alkali fundamentals and the recent stock price pull-back.

ShowHide Related Items >><<
WLK Westlake Chemical
$80.68 /

+1.9 (+2.41%)

WLK Westlake Chemical
$80.68 /

+1.9 (+2.41%)

07/21/21 RBC Capital
Westlake Chemical upgraded to Outperform from Sector Perform at RBC Capital
07/16/21 BofA
Westlake Chemical upgraded to Neutral from Underperform at BofA
06/21/21
Fly Intel: Top five analyst upgrades
06/21/21 Scotiabank
Westlake Chemical upgraded to Sector Perform with $104 target at Scotiabank
WLK Westlake Chemical
$80.68 /

+1.9 (+2.41%)

Upgrade
Westlake Chemical upgraded to Outperform from Sector Perform at RBC Capital » 05:29
07/21/21
07/21
05:29
07/21/21
05:29
WLK

Westlake Chemical

$80.68 /

+1.9 (+2.41%)

RBC Capital analyst Arun…

RBC Capital analyst Arun Viswanathan upgraded Westlake Chemical to Outperform from Sector Perform with a price target of $105, up from $104.

ShowHide Related Items >><<
WLK Westlake Chemical
$80.68 /

+1.9 (+2.41%)

WLK Westlake Chemical
$80.68 /

+1.9 (+2.41%)

07/16/21 BofA
Westlake Chemical upgraded to Neutral from Underperform at BofA
06/21/21
Fly Intel: Top five analyst upgrades
06/21/21 Scotiabank
Westlake Chemical upgraded to Sector Perform with $104 target at Scotiabank
06/21/21 Scotiabank
Westlake Chemical upgraded to Sector Perform from Underperform at Scotiabank
WLK Westlake Chemical
$80.68 /

+1.9 (+2.41%)

Upgrade
Westlake Chemical upgraded to Neutral from Underperform at BofA » 06:06
07/16/21
07/16
06:06
07/16/21
06:06
WLK

Westlake Chemical

$86.53 /

-0.54 (-0.62%)

BofA analyst Steve Byrne…

BofA analyst Steve Byrne upgraded Westlake Chemical to Neutral from Underperform with a $98 price target.

ShowHide Related Items >><<
WLK Westlake Chemical
$86.53 /

-0.54 (-0.62%)

WLK Westlake Chemical
$86.53 /

-0.54 (-0.62%)

06/21/21
Fly Intel: Top five analyst upgrades
06/21/21 Scotiabank
Westlake Chemical upgraded to Sector Perform with $104 target at Scotiabank
06/21/21 Scotiabank
Westlake Chemical upgraded to Sector Perform from Underperform at Scotiabank
WLK Westlake Chemical
$86.53 /

-0.54 (-0.62%)

Hot Stocks
Westlake Chemical subsidiary to acquire Lasco Fittings, terms undisclosed » 07:03
07/06/21
07/06
07:03
07/06/21
07:03
WLK

Westlake Chemical

$90.93 /

-0.41 (-0.45%)

North American Pipe…

North American Pipe Corporation, or NAPCO, a subsidiary of Westlake Chemical announced that it will acquire Lasco Fittings, a Brownsville, Tennessee-based, leading designer, engineer and manufacturer of injected-molded PVC fittings from Aalberts, Nevada. Lasco Fittings operates a 48-acre, 500,000 square foot manufacturing and distribution facility in Brownsville, Tennessee, northeast of Memphis. With eight regional distribution facilities strategically located throughout the United States, Lasco can promptly supply its customers across North America. The proposed transaction is subject to customary closing conditions, including the expiration or termination of the applicable waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, and is expected to close during the second half of 2021.

ShowHide Related Items >><<
WLK Westlake Chemical
$90.93 /

-0.41 (-0.45%)

WLK Westlake Chemical
$90.93 /

-0.41 (-0.45%)

06/21/21
Fly Intel: Top five analyst upgrades
06/21/21 Scotiabank
Westlake Chemical upgraded to Sector Perform with $104 target at Scotiabank
06/21/21 Scotiabank
Westlake Chemical upgraded to Sector Perform from Underperform at Scotiabank
06/11/21 JPMorgan
Westlake Chemical price target raised to $134 from $98 at JPMorgan
WLK Westlake Chemical
$90.93 /

-0.41 (-0.45%)

Over a month ago
Upgrade
Fly Intel: Top five analyst upgrades » 09:53
06/21/21
06/21
09:53
06/21/21
09:53
WLK

Westlake Chemical

$94.00 /

+2.69 (+2.95%)

, HZO

MarineMax

$47.42 /

+2.23 (+4.93%)

, XEC

Cimarex Energy

$66.17 /

+1.49 (+2.30%)

, PXD

Pioneer Natural

$158.49 /

+3.59 (+2.32%)

, EMN

Eastman Chemical

$118.54 /

+4.4 (+3.85%)

Catch up on today's…

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Westlake Chemical (WLK) upgraded to Sector Perform from Underperform at Scotiabank with analyst Ben Isaacson believing petrochemical margins will remain above mid-cycle levels through early 2022 and that polyvinyl chloride will "remain strong for quite some time." 2. MarineMax (HZO) upgraded to Buy from Neutral at B. Riley with analyst Eric Wold saying elevated new boat demand remaining intact after recent channel checks indicated buyers are willing to wait out this boating season to get desired models. 3. Cimarex Energy (XEC) upgraded to Buy from Neutral at BofA with analyst Doug Leggate acknowledging the prospects that oil price strength may be sustained beyond BofA's current view. 4. Pioneer Natural (PXD) upgraded to Outperform from Market Perform at Bernstein with analyst Bob Brackett finding all North American exploration and production names attractive. 5. Eastman Chemical (EMN) upgraded to Outperform from Sector Perform at Scotiabank with analyst Ben Isaacson saying Eastman should continue to re-rate as it sheds weaker businesses, having "ample balance sheet firepower" to keep upgrading its portfolio. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
XEC Cimarex Energy
$66.17 /

+1.49 (+2.30%)

WLK Westlake Chemical
$94.00 /

+2.69 (+2.95%)

PXD Pioneer Natural
$158.49 /

+3.59 (+2.32%)

HZO MarineMax
$47.42 /

+2.23 (+4.93%)

EMN Eastman Chemical
$118.54 /

+4.4 (+3.85%)

WLK Westlake Chemical
$94.00 /

+2.69 (+2.95%)

06/21/21 Scotiabank
Westlake Chemical upgraded to Sector Perform with $104 target at Scotiabank
06/21/21 Scotiabank
Westlake Chemical upgraded to Sector Perform from Underperform at Scotiabank
06/11/21 JPMorgan
Westlake Chemical price target raised to $134 from $98 at JPMorgan
06/04/21 Deutsche Bank
Westlake Chemical price target raised to $112 from $105 at Deutsche Bank
HZO MarineMax
$47.42 /

+2.23 (+4.93%)

06/21/21 B. Riley
B. Riley upgrades MarineMax to Buy on sustained new boat demand
06/21/21 B. Riley
MarineMax upgraded to Buy from Neutral at B. Riley
06/17/21 Truist
MarineMax price target lowered to $55 from $60 at Truist
04/12/21 Truist
MarineMax price target raised to $54 from $52 at Truist
XEC Cimarex Energy
$66.17 /

+1.49 (+2.30%)

06/21/21 BofA
Cimarex Energy upgraded to Buy on oil price strength at BofA
06/21/21 BofA
Cimarex Energy upgraded to Buy from Neutral at BofA
06/18/21 Morgan Stanley
Cimarex Energy downgraded to Equal Weight from Overweight at Morgan Stanley
06/15/21 UBS
Cimarex Energy downgraded to Neutral from Buy at UBS
PXD Pioneer Natural
$158.49 /

+3.59 (+2.32%)

06/21/21 Bernstein
Pioneer Natural upgraded to Outperform from Market Perform at Bernstein
06/03/21 Barclays
Pioneer Natural price target raised to $200 from $193 at Barclays
05/21/21 Scotiabank
Pioneer Natural upgraded to Outperform at Scotiabank after underperformance
05/21/21 Scotiabank
Pioneer Natural upgraded to Outperform from Sector Perform at Scotiabank
EMN Eastman Chemical
$118.54 /

+4.4 (+3.85%)

06/21/21 Scotiabank
Eastman Chemical upgraded to Outperform at Scotiabank
06/21/21 Scotiabank
Eastman Chemical upgraded to Outperform from Sector Perform at Scotiabank
06/14/21 Deutsche Bank
Eastman Chemical price target raised to $140 from $132 at Deutsche Bank
06/09/21 Wolfe Research
Eastman Chemical initiated with an Outperform at Wolfe Research
XEC Cimarex Energy
$66.17 /

+1.49 (+2.30%)

WLK Westlake Chemical
$94.00 /

+2.69 (+2.95%)

PXD Pioneer Natural
$158.49 /

+3.59 (+2.32%)

HZO MarineMax
$47.42 /

+2.23 (+4.93%)

EMN Eastman Chemical
$118.54 /

+4.4 (+3.85%)

  • 11
    May
PXD Pioneer Natural
$158.49 /

+3.59 (+2.32%)

EMN Eastman Chemical
$118.54 /

+4.4 (+3.85%)

XEC Cimarex Energy
$66.17 /

+1.49 (+2.30%)

PXD Pioneer Natural
$158.49 /

+3.59 (+2.32%)

HZO MarineMax
$47.42 /

+2.23 (+4.93%)

XEC Cimarex Energy
$66.17 /

+1.49 (+2.30%)

PXD Pioneer Natural
$158.49 /

+3.59 (+2.32%)

Conference/Events
Westlake Chemical to hold a conference call » 09:23
06/21/21
06/21
09:23
06/21/21
09:23
WLK

Westlake Chemical

$91.31 /

-2.66 (-2.83%)

Conference call to…

Conference call to discuss the acquisition of Boral Ltd's North American building products businesses will be held on June 21 at 10 am. Webcast Link

ShowHide Related Items >><<
WLK Westlake Chemical
$91.31 /

-2.66 (-2.83%)

WLK Westlake Chemical
$91.31 /

-2.66 (-2.83%)

06/21/21 Scotiabank
Westlake Chemical upgraded to Sector Perform with $104 target at Scotiabank
06/21/21 Scotiabank
Westlake Chemical upgraded to Sector Perform from Underperform at Scotiabank
06/11/21 JPMorgan
Westlake Chemical price target raised to $134 from $98 at JPMorgan
06/04/21 Deutsche Bank
Westlake Chemical price target raised to $112 from $105 at Deutsche Bank
WLK Westlake Chemical
$91.31 /

-2.66 (-2.83%)

Upgrade
Westlake Chemical upgraded to Sector Perform with $104 target at Scotiabank » 08:46
06/21/21
06/21
08:46
06/21/21
08:46
WLK

Westlake Chemical

$91.31 /

-2.66 (-2.83%)

Scotiabank analyst Ben…

Scotiabank analyst Ben Isaacson upgraded Westlake Chemical to Sector Perform from Underperform with a price target of $104, up from $83. The analyst believes petrochemical margins will remain above mid-cycle levels through early 2022 and that polyvinyl chloride will "remain strong for quite some time."

ShowHide Related Items >><<
WLK Westlake Chemical
$91.31 /

-2.66 (-2.83%)

WLK Westlake Chemical
$91.31 /

-2.66 (-2.83%)

06/21/21 Scotiabank
Westlake Chemical upgraded to Sector Perform from Underperform at Scotiabank
06/11/21 JPMorgan
Westlake Chemical price target raised to $134 from $98 at JPMorgan
06/04/21 Deutsche Bank
Westlake Chemical price target raised to $112 from $105 at Deutsche Bank
05/11/21 Goldman Sachs
Westlake Chemical price target lowered to $93 from $97 at Goldman Sachs
WLK Westlake Chemical
$91.31 /

-2.66 (-2.83%)

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