Westlake Chemical (WLK) Misses Q1 EPS by 70c

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Go back to Westlake Chemical (WLK) Misses Q1 EPS by 70c

Westlake Chemical (WLK) PT Lowered to $68 at Cowen

May 6, 2019 7:56 AM EDT

Cowen analyst Charles Neivert lowered the price target on Westlake Chemical (NYSE: WLK) to $68.00 (from $78.00) while maintaining a Market Perform rating following the company's 1Q earnings report. 1Q19 EBITDA was $336 MM, below consensus of $422 MM. FIFO accounting had a $19 MM negative EBITDA... More

Westlake Chemical (WLK) PT Lowered to $61 at Nomura/Instinet

May 3, 2019 7:04 AM EDT

Nomura/Instinet analyst Aleksey Yefremov lowered the price target on Westlake Chemical (NYSE: WLK) to $61.00 (from $79.00) while maintaining a Neutral rating following the company's 1Q. Overall, Yefremov believes WLKs 1Q results were incrementally negative for the stock. WLK delivered 1Q19 adjusted EBITDA of $336mn, 19%... More