Element Solutions price target raised to $47 from $38 at Truist

Truist raised the firm’s price target on Element Solutions (ESI) to $47 from $38 and keeps a Buy rating on the shares following the Q1 report. The company reported double-digit organic growth across every segment in electronics and outperformance in recently acquired businesses, the analyst tells investors in a research note. The firm believes Element’s momentum in electronics is sustainable but adds the softer industrial backdrop “remains a watch item.”