Element Solutions (ESI) PT Raised to $47 at Truist Securities

Truist Securities analyst Peter Osterland raised the price target on Element Solutions (NYSE: ESI) to $47.00 (from $38.00) while maintaining a Buy rating.

The analyst comments "We maintain our Buy rating on ESI post-1Q earnings, raising our PT to $47 from $38. Strong DD organic growth across every segment in Electronics, as well as outperformance in the company's recently acquired businesses, drove a 1Q beat and raise. Electronics momentum appears sustainable in our view during the remainder of the year and beyond; a softer Industrial backdrop remains a watch item."

You May Also Be Interested In

• Qualcomm (QCOM) PT Raised to $195 at BofA Securities
• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Incyte (INCY) PT Raised to $105 at Truist Securities