Westlake upgraded to Outperform from Sector Perform at RBC Capital

RBC Capital analyst Arun Viswanathan upgraded Westlake to Outperform from Sector Perform with a price target of $174, up from $157. The company’s Performance and Essential Materials segment earnings are at a trough while its Housing and Infrastructure Products performance continues to be strong, the analyst tells investors in a research note. The firm says Westlake continues to gain share with customers that are in turn gaining share in their respective markets.