Mizuho Starts Solstice Advanced Materials Inc. (SOLS) at Neutral

Mizuho analyst John Roberts initiates coverage on Solstice Advanced Materials Inc. (NASDAQ: SOLS) with a Neutral rating and a price target of $54.00.

The analyst comments "We initiate coverage of Solstice Advance Materials (SOLS) with a Neutral rating and $54 target price (representing ~10% upside). Although the business and balance sheet look strong, we believe initially there could be selling by Honeywell shareholders receiving the distribution. In addition, 2H25e pro forma adj. EBITDA looks to be unusually weak (with no SepQ/DecQ split provided yet). SOLS is a leading fluorochemicals (e.g. refrigerants) producer, with low leverage (~1.5x) and no PFAS or other major liability. Although Chemours (CC, Outperform) is the closest business competitor, we believe the closest valuation peer should be Element Solutions (ESI, Outperform)."

For an analyst ratings summary and ratings history on Solstice Advanced Materials Inc. click here. For more ratings news on Solstice Advanced Materials Inc. click here.

Shares of Solstice Advanced Materials Inc. closed at $48.74 yesterday.

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