Element Solutions rises after Truist Securities raises to 'buy' rating

Element Solutions

14/04/2025 15:30

** Shares of Florida-based chemical maker Element Solutions' ESI.N rise 5% to $19.16

** Brokerage Truist Securities raises rating on ESI to "buy" from "hold"; sets PT to $24

** Brokerage expects ESI's "localized production footprint and ability to pass through most raw material inflation costs will limit the direct impact from whatever emerges from the global tariff standoff"

     ** The new target price represents a 31.5% upside to the stock's last close

** Truist Securities believes ESI's stock should be valued higher under regular market conditions than its peers because of its strong potential for growth in the electronics sector

** Eleven of 13 brokerages rate stock "buy" or higher, two "hold"; their median PT is $30.42 - as per data compiled by LSEG

** Up to last close, stock had fallen 24.4%

 (Reporting by Siddhi Mahatole)

 ((siddhi.mahatole@thomsonreuters.com))