BMO Capital analyst Bhavesh Lodaya reiterated an Outperform rating and $45.00 price target on Element Solutions (NYSE: ESI).

The analyst commented: "ESI CEO Dinner + Investor Day Showcases Its Strong Position in Electronics Growth; Following ESI's Investor Day, which provided a refreshed look at the company's structurally transformed portfolio, we had the opportunity to host CEO Ben Gliklich for an investor dinner. The discussion offered additional context around end-market dynamics and how ESI’s various platforms are levered to secular tailwinds in semis/ electronics. Combined with an asset-light consumables model, a track record of successful M&A, and multiple emerging growth vectors, we believe ESI remains poised to drive strong shareholder value. Trading at an attractive relative valuation versus peers, ESI remains one of our Top Picks."

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Shares of Element Solutions closed at $39.48 yesterday.