Alembic Global Keeps Their Buy Rating on Westlake Chemical Corp (WLK)


In a report released today, Hassan Ahmed from Alembic Global maintained a Buy rating on Westlake Chemical Corp (NYSE: WLK), with a price target of $135. The company’s shares closed on Friday at $94.57.

According to TipRanks.com, Ahmed is a 4-star analyst with an average return of 8.9% and a 61.7% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Venator Materials Plc, LyondellBasell, and Celanese Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Westlake Chemical Corp with a $122.14 average price target.

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Westlake Chemical Corp’s market cap is currently $12.26B and has a P/E ratio of 7.84. The company has a Price to Book ratio of 2.29.

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Westlake Chemical Corp. manufactures and markets petrochemicals, polymers and fabricated building products. It operates through the Olefins and Vinyls segments. The Olefins segment manufactures ethylene, polyethylene, styrene, and associated co-products at the manufacturing facility in Lake Charles and polyethylene at the Longview facility.

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