Wells Fargo analyst Michael Sison downgraded Westlake (WLK) to Equal Weight from Overweight with a price target of $76, down from $95. The firm believes industry operating rates in North America for polyethylene and polyvinyl chloride started Q2 “on a weaker note” due to tariff uncertainty, making it difficult for Westlake to post quarter-over-quarter EBITDA growth in the quarter. The firm believes these headwinds will “mute” Westlake’s multiple expansion.
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