Element Solutions price target lowered to $23 from $24 at Barclays

Barclays analyst Michael Leithead lowered the firm’s price target on Element Solutions to $23 from $24 and keeps an Overweight rating on the shares. Investor conviction in U.S. chemical names is low entering earnings season as demand is "uneven," but energy cost relief should help, tells investors in a research note. However, valuations are "not as defensive or cheap" as it was on January 1, adds the firm. It does not think "it’s the time to be a hero" and continues to pick spots in the group.