Why Westlake Chemical's Stock Is Trading Higher Today

Westlake Chemical WLK shares are trading higher on Thursday after CFRA upgraded the stock from Sell to Hold and raised the price target on the stock from $37 to $56 per share.

Westlake Chemical manufacturers and markets basic chemicals, vinyls, polymers and building products. Its products are used for flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, residential and commercial construction and others.

Westlake Chemical shares are trading up 4.86% at $55.05 on Thursday. The stock has a 52-week high of $75.65 and a 52-week low of $28.99 per share.