Mizuho Downgrades Westlake Chemical (WLK) to Neutral

Mizuho analyst John Roberts downgraded Westlake Chemical (NYSE: WLK) from Outperform to Neutral with a price target of $88.00.

The analyst comments "Our WLK downgrade reflects WLK’s late DecQ25 negative preannouncement, combined with peer OLN’s recent weak MarQ guide (link) & our recent bearish industry reviews of WLK’s chloralkalvinyls (link) & polyethylene (link) businesses. WLK stock has rallied ~60% from Nov.’25 low on recovery expectations despite the weakening outlook of its core businesses. The stock is now 9% above our price target. No change to our estimates or PT. WLK has not proved as resilient as we expected. WLK has ~80% of production in the U.S. natural gas advantaged region. It has among the best balance sheets, & among the highest (but minority) % of assets in specialties. Yet our 2027 EPS estimate for WLK is near the low since 2008."

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 $95.93 yesterday.

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