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Barclays Maintains Westlake(WLK.US) With Buy Rating, Cuts Target Price to $175

Futu News ·  Nov 7 16:31  · Ratings

Barclays analyst Michael Leithead maintains $Westlake (WLK.US)$ with a buy rating, and adjusts the target price from $180 to $175.

According to TipRanks data, the analyst has a success rate of 56.0% and a total average return of 4.0% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Westlake (WLK.US)$'s main analysts recently are as follows:

  • The company's underlying results are perceived to continue to perform strongly, even at low points.

  • Despite a reduced outlook, optimism remains for Westlake due to the more stable earnings stream provided by HIP compared to its commodity franchise, which is expected to enhance its multiple over time. There is still a strong potential for an increase in mid-cycle EBITDA.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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