Westlake Chemical (WLK) Misses Q2 EPS by 11c

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Go back to Westlake Chemical (WLK) Misses Q2 EPS by 11c

Nomura Securities Remains Sidelined as Westlake Chemical (WLK) Agrees to Acquire Axiall

August 1, 2016 9:46 AM EDT

Nomura Securities reiterated a Neutral rating on Westlake Chemical (NYSE: WLK), and raised the price target to $53.00 (from $50.00), following the company's announced agreement to acquire chlor-alkali/PVC producer Axiall.

Analyst Aleksey Yefremov commented, "Following Westlakes definitive agreement to acquire chlor-alkali/PVC producer... More