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Key Points We’re updating our forecast for TXT after its 1Q earnings report a couple of weeks ago, and we're maintaining our Neutral rating. Our target price declines USD7 to USD81 as...
Key Points Chinese tariffs on U.S. feedstock exports could have a meaningful impact on the global ethylene and propylene chains Reduced propane availability could result in Chinese PDH units being shuttered while...
Key Points Q1'25 EPS and EBITDA miss on PEM segment weakness Management's near-term commentary mixed We rate WLK shares Overweight with a revised-lower 12-month target price of USD120 Summary Westlake Corporation announced Q1’25 earnings this...
Key Points Q1’25 EBITDA miss; midpoint of Q2'25 guidance range below consensus Margin weakness observed across two of three segments (y-o-y). Polyurethane margins and volumes up y-o-y in Q1. Management commentary cautious We...
Key Points Q1’25 EBITDA and EPS beat on higher chlorine volumes Below consensus Q2’25 guidance on Q1 planned turnaround pushed into Q2 We rate Olin shares Overweight, with a revised-lower 12-month target price...