Element Solutions price target raised to $35 from $30 at BMO Capital

BMO Capital analyst Bhavesh Lodaya raised the firm’s price target on Element Solutions (ESI) to $35 from $30 and keeps an Outperform rating on the shares. The firm is positive on the company’s EFC Gases & Advanced Materials acquisition as it adds a new business line/capability at an attractive multiple given the growth/margin profile, the analyst tells investors in a research note.