Elementis price target raised to 190 GBp from 180 GBp at Jefferies

Jefferies raised the firm’s price target on Elementis (EMNSF) to 190 GBp from 180 GBp and keeps a Buy rating on the shares after updating forecasts ahead of the company’s upcoming interim report. While the firm expects Q2 to have progressed largely in line with expectations, it adds that the U.S. coatings backdrop is “clearly increasingly difficult,” creating risk to the second half.