Freedom Broker analyst David Silver downgraded Element Solutions (NYSE: ESI) from Buy to Hold with a price target of $45.00 (from $48.00).

The analyst comments "Solstice to Acquire ESI For Modest Premium; Monday's Negative Stock Reaction Likely Reflects Combined Company's Diminished Pure-Play Appeal, Lack of Valuation Certainty; Lowering our Rating to Hold."

For an analyst ratings summary and ratings history on Element Solutions click here. For more ratings news on Element Solutions click here.

Shares of Element Solutions closed at $42.32 yesterday.