Wells Fargo Keeps Their Hold Rating on Westlake Corporation (WLK)
In a report released on June 3, Michael Sison from Wells Fargo reiterated a Hold rating on Westlake Corporation, with a price target of $110.00. The company’s shares closed yesterday at $86.39.
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Sison covers the Basic Materials sector, focusing on stocks such as LyondellBasell, Albemarle, and Celanese. According to TipRanks, Sison has an average return of -1.1% and a 42.02% success rate on recommended stocks.
Currently, the analyst consensus on Westlake Corporation is a Moderate Buy with an average price target of $115.00, which is a 33.12% upside from current levels. In a report released on May 27, Citi also downgraded the stock to a Hold with a $95.00 price target.
Based on Westlake Corporation’s latest earnings release for the quarter ending April 2, the company reported a quarterly revenue of $2.65 billion and a GAAP net loss of $169 million. In comparison, last year the company earned a revenue of $2.85 billion and had a GAAP net loss of $40 million
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WLK in relation to earlier this year. Most recently, in March 2026, Mark Steven Bender, the EVP & CFO of WLK sold 16,413.00 shares for a total of $1,846,954.89.
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