Alert: Negative Investment/Fundamental Signals (2/27/24)-Westlake Corp (NYSE: WLK)

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Recent significant negative changes in fundamentals have affected Westlake Corp (NYSE: WLK): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.

Important negative changes in Westlake Corp (NYSE: WLK) investment behavior have recently occurred: its shorter term price trend turned down.

In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

WLK is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Westlake has a current Value Trend Rating of B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Westlake has a slightly positive Power Rating of 70 and a good Appreciation Score of 70, resulting in the Positive Value Trend Rating.

Recent Price Action

Westlake Corp (NYSE: WLK) stock declined slightly by -0.5% on 2/27/24. The stock closed at $136.80. However, trading volume in this decline was below average at 77% of normal. The stock has been strong relative to the market over the last nine months but has declined -5.1% during the last week.

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