Wells Fargo cuts target for Westlake stock from USD 89.00 to USD 68.00

Published on 10/02/2026 at 04:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Westlake revenue rose 10.80 percent to USD 3.27 billion in Q2 2026. Westlake stock's prior close was EUR 55.56 on September 30, 2026.

WLK, US9604131022, Illustration mit AI erstellt.

Wells Fargo cut its Westlake stock target from USD 89.00 to USD 68.00 while keeping an Equal Weight rating, according to MarketBeat on October 1, 2026. The move puts the latest analyst view against Westlake's stronger second-quarter numbers and its weaker near-term chemicals outlook.

Wells Fargo lowers its target

MarketBeat reported that Wells Fargo reduced the target from USD 89.00 to USD 68.00 in a research note dated October 1, 2026. The cut was paired with an Equal Weight rating, while the wider analyst group carried a Hold consensus and a USD 89.64 average target.

The target change is significant because Westlake's second-quarter performance exceeded consensus. Revenue reached USD 3.27 billion versus USD 3.24 billion expected, while earnings per share came in at USD 2.01 against USD 1.83 expected, according to MarketBeat. Revenue also increased 10.80 percent from the same quarter a year earlier.

Plant closure adds near-term pressure

The counterweight is operational. Westlake plans to close its PVC production facility in Cologne, Germany, as it rationalizes higher-cost European capacity, and the company expects roughly USD 205.0 million in charges tied to the shutdown, according to MarketBeat.

Truist also lowered its target from USD 104.00 to USD 90.00 while retaining a Buy rating, as Investing.com reported on October 1, 2026. Truist cited weaker conditions in housing and infrastructure products and moderated chemical pricing, while Westlake expects third-quarter earnings to decline from the second quarter.

Prior close and market context

Lang & Schwarz listed a prior close of EUR 55.56 for Westlake on September 30, 2026; the October 1 quote was a dormant indication rather than a same-day reference price. On the primary exchange, NYSE: WLK was last at USD 62.47 on October 1, 2026 at 4:00 p.m. ET, with a USD 8.0 billion market capitalization and a 52-week range of USD 56.33 to USD 124.23.