UK's Elementis falls after JP Morgan downgrades to 'neutral'

Elementis

11/08/2025 08:49

** Shares of British specialty chemicals firm Elementis ELM.L down 1.9% at 166.4p

** J.P.Morgan cut its rating on the stock to "Neutral" from "Overweight"; retained price target of 186p

** JPM said its previous bullish view on the stock has largely played out and now expects to see organic growth acceleration in the firm

     ** The brokerages' unchanged PT represents a nearly 10% upside to the stock's last close

** "Within the UK Chemicals universe, we currently prefer Croda," -J.P.Morgan

** 5 of 7 brokerages rate the stock "Buy" or higher, and the rest rate it "Hold"; their median PT is 200p - data compiled by LSEG

** Including session's moves, ELM up 17.2% YTD

(Reporting by Kanchana Chakravarty in Bengaluru)

((Kanchana.Chakravarty@thomsonreuters.com))