Truist Financial Maintains a Buy on Westlake Corporation (WLK)

​Westlake Corporation (NYSE:WLK) is one of the Best 52-Week Low Mid Cap Stocks to Buy Now. On October 20, Pete Osterland from Truist Financial maintained a Buy rating on Westlake Corporation (NYSE:WLK) with a price target of $90.

​Earlier on October 14, Arun Viswanathan from RBC Capital reduced the price target on the stock from $92 to $87, while maintaining an Overweight rating on the stock. The analyst noted that the reduced price target reflects the firm’s preview of Q3 earnings in the chemicals sector. He highlighted that discussions with the investor relations teams reveal that the demand remained tepid throughout Q3.

​In addition, the building and construction activity has also remained muted. He noted that while the rate cuts could help the sector, however, a weaker job market remains a headwind for the industry, and demand for consumer durables is yet to see some substantial recovery.

​Westlake Corporation (NYSE:WLK) is an international producer of materials used in construction, packaging, healthcare, automotive, and consumer products.

While we acknowledge the potential of WLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.