Westlake Chemical’s Review Following Q3 Miss
<p>Analysts at Deutsche Bank provided a review on <a href='https://financialmodelingprep.com/financial-summary/WLKP'>Westlake Chemical Partners LP (NYSE:WLKP)</a> following the company’s reported Q3 results earlier this month, with EPS of $0.42 coming in worse than the Street estimate of $0.49. Revenue was $364.27 million, missing the Street estimate of $399.22 million.</p>
<p>According to the analysts, the company’s unique business model continues to demonstrate an ability to provide stable value to unitholders over the long term. While the analysts believe the company is unlikely to restart its distribution growth in the near term due to the current market preference on value over growth, with the four levers of distribution growth intact, they expect it to raise equity capital once market sentiment improves and market preference switches to growth-oriented models. </p>
<p>The analysts lowered their price target to $29 from $30 while maintaining their Buy rating. </p>

NYSE:WLKP