Element Solutions price target raised to $27 from $24 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Element Solutions (ESI) to $27 from $24 and keeps a Neutral rating on the shares. The company’s upwardly revised Q2 and FY25 guidance due to leverage from penetration gains in fast growing end markets reflects a fundamental shift to AI applications, creating resilient revenue, the analyst tells investors in a research note. The firm further notes that Element Solutions believes the current strength is structural in nature and provides a baseline for future growth.