Stock Track | Westlake Chemical Plunges 5.95% in Pre-Market Following Analyst Downgrades and Target Price Cuts

Stock Track05-06

Westlake Chemical's stock experienced a significant pre-market plunge, dropping 5.95% on Wednesday.

The sharp decline comes after several major financial institutions issued negative revisions. JP Morgan downgraded the stock to Underweight from Neutral, while Wells Fargo cut its price target to $110 from $125 and Morgan Stanley lowered its target to $106 from $115.

These analyst actions highlight growing concerns about the company's prospects, which were recently discussed during its Q1 earnings call where it noted setbacks alongside recovery momentum.

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