Element Solutions upgraded to Buy from Hold at Truist

Truist analyst Peter Osterland upgraded Element Solutions (ESI) to Buy from Hold with a price target of $24, down from $28. The firm believes recent market volatility has created an “opportune entry point” for what it believes is a “high-quality name with strong and sustainable organic growth potential.” Element’s localized production footprint and ability to pass through most raw material inflation costs will limit the direct impact from whatever emerges from the global tariff standoff, the analyst tells investors in a research note. Truist says the company’s variable cost structure will mitigate the impact to margins if underlying volumes are pressured.