Element Solutions price target raised to $33 from $31 at BofA

BofA analyst Matthew DeYoe raised the firm’s price target on Element Solutions (ESI) to $33 from $31 and keeps a Buy rating on the shares. After having hosted Element Solutions CEO Ben Gliklich for investor meetings, the firm remains attracted to the companys asset light business model with exposure to AI and datacenter capital investment and increasing chip and circuit board complexity, the analyst tells investors, citing confidence in the growth algorithm and upside through Kuprion sales traction.