Vanessa Jeffriess, an analyst from Jefferies, reiterated the Buy rating on Elementis (ELM – Research Report). The associated price target remains the same with p200.00.
Vanessa Jeffriess’s rating is based on several positive developments at Elementis. The recent appointment of Luc van Ravenstein as CEO is seen as a beneficial move for the company. His extensive experience within Elementis, particularly in leading the Performance Materials/Coatings division, is expected to drive further improvements in the company’s margins.
Despite ongoing concerns regarding the Talc issue, Jeffriess believes that the rest of Elementis is in a strong position. The company’s performance is anticipated to improve even in challenging market conditions, with potential for further margin progress and a possible share buyback. These factors contribute to the Buy rating on Elementis’s stock.