BMO Capital Reduces PT on Westlake (WLK) Stock

Westlake Corporation (NYSE:WLK) is one of the Worst Performing Stocks to Invest in on the Dip. On November 4, BMO Capital analyst Bhavesh Lodaya reduced the price target on the company’s stock to $83 from $91, while keeping a “Market Perform” rating after the company’s Q3 earnings and revenue miss, as reported by The Fly. As per the analyst, Westlake Corporation (NYSE:WLK) continues to take fresh actions to counter the current trough in its commodity platforms, as well as a delayed housing recovery.

Westlake Corporation (NYSE:WLK)’s net sales fell by $279 million, or 9%, to $2,838 million in Q3 2025 from $3,117 million in Q3 2024, with its average sales prices decreasing by 5% YoY due to lower sales prices for many of its products throughout both segments, including PVC resin, polyethylene, and pipe and fittings. The impact was partially offset by increased PVC compounds sales prices.

Westlake Corporation (NYSE:WLK) reported a net loss of $782 million, or $6.06 per share, and EBITDA of ($431) million in Q3 2025.  The company’s earnings were impacted by a non-cash charge of $727 million for fully impairing the goodwill associated with its North American chlorovinyls business and $17 million of accrued expenses for previously announced asset shutdowns that are included in the Performance and Essential Materials segment financial results.

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Disclosure: None. This article is originally published at Insider Monkey.