Westlake (WLK) Plunges 3.64% on Piper Sandler Price Target Cut

Westlake (WLK) shares tumbled 3.64% today, marking the fourth consecutive day of decline, with a total drop of 18.56% over the past four days. The stock price plummeted to its lowest level since September 2022, experiencing an intraday decline of 5.58%.

One of the key factors influencing Westlake's stock price is the recent adjustment in the price target by Piper Sandler analyst Charles Neivert. Neivert lowered the firm's price target on Westlake to $105 from $120, while maintaining a Neutral rating on the shares. This adjustment could impact investor sentiment and influence the stock price, as it reflects a more cautious outlook on the company's future performance.

Additionally, Westlake Chemical Corporation's recent stock price performance has been notable. On April 4, 2025, the company experienced a significant stock price drop of 6.13%, closing at $97.62. This recent performance may reflect market reactions to company developments or broader economic conditions affecting the chemical industry. Investors are closely monitoring these factors as they assess the company's prospects and make investment decisions.