Westlake price target raised to $115 from $112 at KeyBanc

KeyBanc analyst Aleksey Yefremov raised the firm’s price target on Westlake to $115 from $112 and keeps an Underweight rating on the shares. While earnings are likely to bottom in 2H23, KeyBanc believes the recovery will be slow and shallow as demand in China remains weak relative to fairly modest stimulus, the analyst tells investors in a research note.