Element Solutions price target raised to $39 from $38 at Mizuho

Mizuho raised the firm’s price target on Element Solutions (ESI) to $39 from $38 and keeps an Outperform rating on the shares. The firm updated its interconnect chemicals and materials outlooks following a review of the latest S&P Global projections. The semiconductor silicon and interconnect processing markets are now expected to grow 6.5% annually through 2030, while the printed circuit board market is forecast to expand 4%, the analyst tells investors in a research note. Mizuho says electronic chemicals and materials are the fastest growth and among largest specialty areas.