Westlake price target raised to $133 from $123 at BMO Capital

BMO Capital raised the firm’s price target on Westlake to $133 from $123 and keeps a Market Perform rating on the shares. The company’s Q2 result was characterized by notable weakness in its commodity-exposed PEM platform exacerbated by unplanned outages, but Westlake continues to control what it can and offers one of the best balance sheets in the firm’s coverage, the analyst tells investors in a research note.