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Fly News Breaks for April 9, 2018
Apr 9, 2018 | 05:00 EDT
JPMorgan analyst Jeffrey Zekauskas downgraded Westlake Chemical to Neutral while raising his price target for the shares to $110 from $104. The analyst cites valuation for the downgrade and believes new ethylene and polyethylene capacity is likely slow EBITDA growth and bring margin pressure. He does not see Westlake shares outperforming over the next year.
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