Nomura analyst Aleksey Yefremov downgraded Westlake Chemical Corp (WLK) to Sell today and set a price target of $72. The company’s shares closed yesterday at $76.72.
According to TipRanks.com, Yefremov is a 4-star analyst with an average return of 10.9% and a 56.9% success rate. Yefremov covers the Consumer Goods sector, focusing on stocks such as Albemarle Corp, LyondellBasell, and Huntsman Corp.
Westlake Chemical Corp has an analyst consensus of Moderate Buy, with a price target consensus of $84.
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The company has a one-year high of $124.30 and a one-year low of $59.78. Currently, Westlake Chemical Corp has an average volume of 810.7K.
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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.
