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Key Points Q2’24 EBITDA beat but EPS miss; higher EBITDA margins logged in every segment except Plastic Solutions y-o-y Q3’24 guidance range midpoint in line with consensus levels. H2’24 free cash flow...
Key Points Q2'24 EPS and EBITDA beat on HIP segment strength Management's near-term commentary positive We rate WLK shares Overweight; our 12-month Target Price is USD185 Summary Westlake Corporation announced Q2’24 earnings this morning: Reported...
Key Points Q2’24 EBITDA beat; midpoint of Q3'24 guidance below consensus Pricing weakness observed across all segments (y-o-y) but volumes rose y-o-y in every segment; near-term commentary mixed We rate Huntsman shares Overweight,...
Key Points We’re updating our forecast for HII post last week’s 2Q24 earnings report, raising our target price and reiterating our Overweight rating on the shares. Our topline forecast for 2024/25 increases...
Key Points Recent share price selloff overdone with shares already trading below trough valuation levels Fundamentals inflecting up with trough, mid-cycle, and peak earnings power underestimated by investors, in our view We rate...