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Element Solutions’ regional weakness likely to persist, says CL King

CL King analyst David Silver made no change to the firm’s Buy rating or $24 price target on Element Solutions. The firm believes the Q1 outlook has weakened relative to its earnings expectations, and tells investors in a research note that electronics demand in general remains sluggish amid weaker regional economies, declining mobile device sales and lingering chip oversupply. CL King now expects demand softness to persist through the middle of this year.

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Published first on TheFly

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