Alert: Rating Upgrade (12/22/23)-Westlake Chemical Partners LP (NYSE: WLKP).


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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