Cantor Fitzgerald analyst Colin Canfield initiated coverage of Elmet with an Overweight rating and $20 price target. Elmet is a key supplier of critical mineral processing and offers a \"timely opportunity to gain exposure to rapidly growing munitions and defense electronics spending,\" the analyst tells investors in a research note. The company will also benefit from longer-term reshoring trends in industrial research, energy, and medical end markets, the analyst tells investors in a research note. Cantor believes Elmet has \"meaningful levers\" to drive earnings growth with margin improvement from its government mix and acquisitions.
