Solstice Advanced Materials upgraded to Buy from Hold at Truist
Truist analyst Peter Osterland upgraded Solstice Advanced Materials to Buy from Hold with a price target of $48, up from $47. The recent pullback for shares since announcing the acquisition of Element Solutions (ESI) represents a buying opportunity for investors, the analyst tells investors in a research note. The transaction will significantly strengthen the company's relatively high-growth electronic materials business and meaningfully improve the company's earnings and free cash flow growth algorithm, with potential for additional upside from cross-selling opportunities, the firm added.
Truist analyst Peter Osterland upgraded Solstice Advanced Materials to Buy from Hold with a price target of $48, up from $47.
The recent pullback for shares since announcing the acquisition of Element Solutions (ESI) represents a buying opportunity for investors, the analyst tells investors in a research note.
The transaction will significantly strengthen the company's relatively high-growth electronic materials business and meaningfully improve the company's earnings and free cash flow growth algorithm, with potential for additional upside from cross-selling opportunities, the firm added.