Dahlman Rose Reiterates Hold on Westlake Chemical Corporation
Dahlman Rose reiterated its Hold rating on Westlake Chemical Corporation (NYSE: WLK) event though the rating agency updated its model to reflect higher prices and margins for some of Westlake's products.
In a research report published today, Dahlman Rose states, "We have updated our model to reflect higher prices and margins for olefin and polyolefin products. We are maintaining our Hold rating, however, given that price and margins for key products may have hit a near-term peak and may weaken with global cost pressures."
On Monday, Westlake lost 1.56% of its value to close the day at $50.51.
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