Westlake Chemical (WLK) PT Lowered to $82 at Mizuho

Mizuho analyst John Roberts lowered the price target on Westlake Chemical (NYSE: WLK) to $82.00 (from $100.00) while maintaining a Outperform rating.

The analyst commented: "Reflecting polyethylene producers' inability to raise prices (contract prices settled flat in March and were down $0.03/lb in April) as well as lower export volumes to China due to tariff uncertainty; we lower our 2Q EBITDA estimate to $367M from $420M and our 2025 estimate to $1.4B from $1.9B. We also reduce our 2026E/2027E to $1.8B/$2.0B from $2.4B/$2.7B.

We lower our price target to $82 from $100 to reflect the lower earnings estimates. Maintain Outperform rating."

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