RBC Capital Reiterates Sector Perform Rating on Westlake Chemical (WLK)

RBC Capital analyst Arun Viswanathan reiterated a Sector Perform rating and $158.00 price target on Westlake Chemical (NYSE: WLK)

The analyst comments "While WLK's recent strong HIP segment performance has offset recent weakness in its PEM segment, this appears to be reflected in 2024/2025 street expectations. As a result, we maintain our FY24/FY25 estimates and our $158 PT. We believe WLK's HIP segment should continue to grow at msd%+ on the multiplier effect of growing share with growing customers. We maintain our Sector Perform rating as we believe the stock appears to be fairly valued at current trading levels of ~8-9x 2024-25E EBITDA."

For an analyst ratings summary and ratings history on Westlake Chemical click here. For more ratings news on Westlake Chemical click here.

Shares of Westlake Chemical closed at $153.22 yesterday.

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