Zacks Investment Research upgraded shares of Element Solutions (NYSE:ESI) from a hold rating to a buy rating in a research note published on Thursday. They currently have $13.00 price target on the stock.
According to Zacks, “Element Solutions Inc. provides specialty chemical products and technical services. It serves consumer electronics, communication infrastructure, automobile, industrial surface finishing, consumer packaging and offshore oil production and drilling industries. Element Solutions Inc., formerly known as Platform Specialty Products, is based in West Palm Beach, United States. “
Separately, Barclays reiterated an equal weight rating and issued a $13.00 target price on shares of Element Solutions in a research report on Monday, February 11th.
In related news, insider Pershing Square Capital Manage sold 40,451,506 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $11.72, for a total transaction of $474,091,650.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.40% of the company’s stock.
Element Solutions Company Profile
Element Solutions Inc produces and sells specialty chemical products worldwide. It offers a range of specialty chemicals, such as surface and coating materials, functional conversion coatings, electronic assembly materials, water-based hydraulic control fluids, and photopolymers. The company was formerly known as Platform Specialty Products Corporation and changed its name to Element Solutions Inc in January 2019.
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