This Westlake Analyst Is No Longer Bullish; Here Are Top 4 Downgrades For Wednesday
Analysts downgraded Vulcan Materials, Westlake, Amrize and Eagle Materials, cutting their price targets amid weaker outlooks.
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Keybanc Initiates Coverage On Westlake with Overweight Rating, Announces Price Target of $92
Keybanc analyst Salvator Tiano initiates coverage on Westlake (NYSE:WLK) with a Overweight rating and announces Price Target of $92.
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BMO Capital Downgrades Westlake to Market Perform, Lowers Price Target to $82
Why Is Westlake (WLK) Down 3.1% Since Last Earnings Report?
Westlake Corporation (WLK) reported Q2 2026 adjusted earnings of $2.01 per share, beating the consensus estimate of $1.93, with net sales of $3.27 billion up 10.8% year-over-year. The PEM segment showed strong improvement with operating income of $185 million versus a loss of $318 million a year ago, driven by higher polyethylene and PVC resin prices. However, shares have underperformed the S&P 500 by 3.1% since the earnings release. The company maintained its HIP guidance and expects continued EBITDA improvements from its profitability plan, though analysts have assigned a Hold rating with expectations for in-line returns.