Truist has revised its outlook on Westlake (WLK, Financial), reducing the stock's price target from $155 to $132. Despite this adjustment, the firm continues to maintain a Buy rating on the company's shares.
The revision comes as part of a broader analysis within the chemical sector, spurred by the ongoing complexities of the global tariff situation. While Truist's updated models do not predict a major economic downturn, they do reflect a tempered forecast for underlying demand growth for the years 2025-2026.
This cautious optimism highlights the firm's acknowledgment of current market uncertainties, even as it remains confident in Westlake's longer-term potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Westlake Corp (WLK, Financial) is $125.13 with a high estimate of $155.00 and a low estimate of $105.00. The average target implies an upside of 36.97% from the current price of $91.35. More detailed estimate data can be found on the Westlake Corp (WLK) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Westlake Corp's (WLK, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Westlake Corp (WLK, Financial) in one year is $117.99, suggesting a upside of 29.16% from the current price of $91.35. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Westlake Corp (WLK) Summary page.
