Citi's analyst Patrick Cunningham has revised down the price target for Westlake (WLK, Financial) from $95 to $85 while maintaining a Buy rating. This adjustment comes as the firm decreases its projections for Q2 and fiscal 2025 EBITDA, acknowledging challenges from underperforming Performance and Essential Materials sectors and a less robust seasonal rise in repair and remodel activities.
Despite these challenges, the analyst retains an optimistic outlook on WLK, citing a favorable risk/reward profile supported by a strong balance sheet and significant operating leverage. The potential for recovery in the housing market further bolsters this positive perspective.
