Westlake Corp

WLK: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Initiating Coverage of Chlor-Alkali-Vinyl Leaders; Shares Undervalued

We are initiating coverage of Olin, the largest North American chlor-alkali producer, and Westlake, a large integrated producer of vinyl materials and building products. Coverage of Olin is prospective of the recently announced merger with Huntsman, creating OlinHuntsman.

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