Element Solutions downgraded to Neutral at BofA on earnings slowdown

As previously reported, BofA downgraded Element Solutions (ESI) to Neutral from Buy with a price target of $28, down from $32. Weaker consumer electronics and industrial topline drivers, along with higher currency headwinds, results in 2025 EBITDA likely only increasing by a low-single digit percentage, the analyst tells investors. The firm’s broader chemical coverage was down mid-teens in Q4, compared to a “modest 6%” for Element Solutions, leading the firm to see better risk/reward in other names, the analyst added.