Follow-up: Westlake Chemical downgraded to Neutral at JPMorgan JPMorgan downgraded Westlake Chemical to Neutral from Overweight citing valuation and unfavorable commodity trends. The firm keeps a $114 price target for shares.
News For WLK From The Last 14 Days
Check below for free stories on WLK the last two weeks.
U.S. seen becoming net chemical exporter on shale boom, FT says The American Chemistry Council forecasts net U.S. chemical exports of about $2.7B this year and expects exports to rise 45% over the next five years to almost $30B by 2018, reported Financial Times. That would represent a record surplus of about $68B in five years, excluding a deficit of about $40B in pharmaceuticals, the report added. Reference Link