Jefferies raised the firm’s price target on Elementis (EMNSF) to 180 GBp from 175 GBp and keeps a Buy rating on the shares. The firm updated its model following the sale of the Talc unit, which it calls “an important step forward towards a far higher-quality group from a margin & end-market perspective.” However, its forecasts remain below consensus due to a more conservative view on demand, the analyst noted.
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Read More on EMNSF:
- Elementis’s Strategic Divestment and Share Buyback Boost Financial Outlook and Support Buy Rating
- Elementis Sells Talc Business to Focus on Specialty Chemicals
- Sterling Strategic Value Fund Increases Stake in Elementis PLC
- Elementis Announces Total Voting Rights and Capital Update
- Elementis PLC Successfully Passes All Resolutions at 2025 AGM
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