Stock Rating Upgrade
The Value Trend Rating for Westlake Chemical Partners LP (NYSE: WLKP) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Westlake Chemical Partners LP (NYSE: WLKP) stock closed at $21.79 on 12/22/23 after a modest decline of -1.8%. NORMAL trading volume accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -2.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WLKP is expected to continue to be a modest Value Builder.
Westlake Chemical Partners has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Westlake Chemical Partners has a neutral Power Rating of 59 and a slightly positive Appreciation Score of 69, triggering the Positive Value Trend Rating.
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