Element Solutions Well-Positioned For Growth In 5G, Semiconductors, And EV Market: Analyst
Portfolio Pulse from Lekha Gupta
BMO Capital Markets analyst Bhavesh Lodaya initiated coverage of Element Solutions Inc (NYSE:ESI) with an Outperform rating and a price target of $23. Lodaya is bullish on the company's diversified offerings, low capital intensity, and high cash flow generation, expecting ESI to benefit from 5G, semiconductors, and EV market growth.
June 20, 2023 | 6:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
BMO Capital Markets analyst Bhavesh Lodaya initiated coverage of Element Solutions Inc with an Outperform rating and a price target of $23, citing growth potential in 5G, semiconductors, and EV market.
The analyst's Outperform rating and price target of $23 indicate a positive outlook for Element Solutions Inc. The company's diversified offerings, low capital intensity, and high cash flow generation are expected to benefit from growth in the 5G, semiconductors, and EV market. This positive sentiment from the analyst is likely to have a short-term positive impact on ESI's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100