** Shares of specialty chemicals firm Perimeter Solutions PRM.N up 10% to $10.02, over three week high, on Weds after UBS upgraded to 'buy' from 'neutral'
** PRM is a leading fire retardant maker and could benefit as wildfires hit more populated areas, UBS said in note
** Recent memory of Los Angeles wildfires will increase the call for more ability to fight, contain and prevent them, UBS said, and should drive growth in PRM's volumes and earnings
** Stock's recent weakness provides an attractive entry point, UBS said
** The analysts maintained their $14 PT, implying ~54% upside to stock's last close
** Even with the move on the session, stock down 22% YTD
** Clayton, Missouri-headquartered co made public debut in Nov 2021 after SPAC merger
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.