Element Solutions Shares Retreat After Analyst Downgrades Tied to Solstice Deal
Element Solutions (ESI) fell 1.0% in after-hours trading to $40.23 following a string of analyst downgrades linked to the company’s pending approximately $14.5 billion cash-and-stock acquisition by Solstice Advanced Materials (SOLS). Mizuho lowered its rating to Neutral from Outperform and trimmed its price target to $45 from $54, while UBS and Fre…