RBC Capital Upgrades Solstice Advanced Materials Inc. (SOLS) to Outperform

RBC Capital analyst Arun Viswanathan upgraded Solstice Advanced Materials Inc. (NASDAQ: SOLS) from Sector Perform to Outperform with a price target of $75.00 (from $50.00).

The analyst comments: "Overall, we are more positive on SOLS given 1) growth above Spec Chem peers, driven by ~65% sales from high-growth (msd-hsd%) end markets in Refrigerants, Electronics, Uranium; 2) capacity expansions in AES (SOLS likely adding ~3kta UF6 processing and raising contract prices by 2x, adding $100M+ EBITDA by 2030) and Ballistics (recently announced $220M expansion) and; 3) our expectations for a continued re-rate to 13-15x NTM EBITDA. We are maintaining our FY26/FY27 EBITDA of $1.0B/ $1.1B, but raise our PT to $75 from $50 on a higher 13.0x (from 9x) FY26 EBITDA based on SOTP, crediting Refrigerants/AES/ESM growth. We upgrade SOLS to Outperform."

For an analyst ratings summary and ratings history on Solstice Advanced Materials Inc. click here. For more ratings news on Solstice Advanced Materials Inc. click here.

Shares of Solstice Advanced Materials Inc. closed at $60.89 yesterday.

You May Also Be Interested In

• Freedom Broker Starts CarGurus Inc. (CARG) at Buy
• Bread Financial Holdings (BFH) PT Raised at RBC Capital; 'Tailwinds across the company'
• Carvana (CVNA) PT Lowered to $85 at RBC Capital