John Roberts CFA has given his Buy rating due to a combination of factors associated with Element Solutions. The company has a significant portion of its sales tied to electronic chemicals, a sector currently experiencing strong growth, particularly in semiconductor and printed wire board applications. This growth is driven by the increasing demand for advanced chip packaging solutions, where Element Solutions appears to be expanding its market presence.
Additionally, Element Solutions’ leadership team brings substantial experience in mergers and acquisitions, which could be advantageous as the company explores strategic alternatives, including potential sales. The industry has seen several acquisitions, indicating a trend towards consolidation, which could benefit Element Solutions. Moreover, despite weaknesses in some legacy markets, the strong performance in leading-edge applications supports a positive outlook for the company’s growth prospects.
In another report released on October 24, Barclays also assigned a Buy rating to the stock with a $30.00 price target…