10 Worst Beaten Down Stocks to Buy Now

7) Westlake Corporation (NYSE:WLK)

Stock Price as of February 20: $109.7

52-week Low: $108.5

Average Upside Potential: ~31.9%

Number of Hedge Fund Holders: 34

Westlake Corporation (NYSE:WLK) engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. Truist initiated coverage of the company’s shares with a “Buy” rating and a price target of $168. As per the analyst, Westlake Corporation (NYSE:WLK) managed to create a vertically integrated market leader in its core business by assembling synergistic chemicals and building a products portfolio.

Westlake Corporation (NYSE:WLK) expects that monetary and fiscal stimulus, which includes actions by the Federal Reserve and the Chinese government, can accelerate the pace and duration of the macroeconomic recovery. The company remains focused on its levers for growth, which include developing and commercializing innovative new products to help customers cater to their needs and improve the profitability and reliability of the plants. Westlake Corporation (NYSE:WLK) remains well-placed to capitalize on M&A opportunities, potentially acquiring complementary businesses or technologies capable of enhancing its competitive position or expanding the product portfolio.

Furthermore, the robust financial position allows the company to invest in organic growth initiatives, including capacity expansions or efficiency improvements, without impacting the balance sheet. This can help Westlake Corporation (NYSE:WLK) outpace the market trends and sustain its technological edge.