Element Solutions rises after Truist Securities raises to 'buy' rating

Shares of Florida-based chemical maker Element Solutions' ESI.N rise 5% to $19.16

Brokerage Truist Securities raises rating on ESI to "buy" from "hold"; sets PT to $24

Brokerage expects ESI'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 new target price represents a 31.5% upside to the stock's last close

Truist Securities believes ESI's stock should be valued higher under regular market conditions than its peers because of its strong potential for growth in the electronics sector

Eleven of 13 brokerages rate stock "buy" or higher, two "hold"; their median PT is $30.42 - as per data compiled by LSEG

Up to last close, stock had fallen 24.4%