Perimeter Solutions rallies after UBS turns bullish on wildfires demand
ReutersMar 26, 2025 5:33 PM
Shares of specialty chemicals firm Perimeter Solutions PRM.N up 10% to $10.02, over three week high, on Weds after UBS upgraded to 'buy' from 'neutral'
PRM is a leading fire retardant maker and could benefit as wildfires hit more populated areas, UBS said in note
Recent memory of Los Angeles wildfires will increase the call for more ability to fight, contain and prevent them, UBS said, and should drive growth in PRM's volumes and earnings
Stock's recent weakness provides an attractive entry point, UBS said
The analysts maintained their $14 PT, implying ~54% upside to stock's last close
Even with the move on the session, stock down 22% YTD
Clayton, Missouri-headquartered co made public debut in Nov 2021 after SPAC merger
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