Fermium Research
Fermium Research, LLC
Fermium Research is a New York-based independent equity research and advisory firm covering U.S.-listed chemicals stocks, co-founded in 2018 by former Wells Fargo Securities chemicals analyst Frank Mitsch; it has no investment banking business.
Company history
Frank J. Mitsch and Aziza Gazieva co-founded Fermium Research in 2018 after leaving Wells Fargo Securities, where Mitsch had spent more than seven years as a managing director and senior chemicals analyst and Gazieva was an associate analyst on his team. Mitsch earlier covered chemicals at BB&T Capital Markets and began his Wall Street career at Merrill Lynch. The firm is not a FINRA-registered broker-dealer, and its research platform is powered by Analyst Hub.
- 2018Founded by Frank Mitsch and Aziza Gazieva
Research
Fermium covers U.S.-listed commodity and specialty chemicals, coatings and crop-protection companies, pairing company and industry research with corporate access for institutional clients. Mitsch was named to Institutional Investor's All-America Research Team in 2017 and 2018 and was twice ranked No. 1 for estimate accuracy by FT/StarMine. Ratings are Buy (expected gain of 10% or more), Neutral (change of less than 10%) and Sell (expected decline of 10% or more), based on 12-month total forecasted return.
Coverage12M
- Stocks
- 8
- Ratings
- 3
- Price targets
- 9
- Median upside
- +10.7%
- Upgrades
- 3
- Downgrades
- 0
- Initiations
- 0
- Reiterations
- 0
- Targets raised
- 1
- Targets cut
- 2
- Positive100%3
- Neutral0%0
- Negative0%0
Sectors
Ratings
Listing
Activity24M
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 DOWDow Inc. | Buy | $38 |
 LYBLyondellBasell Industries N.V. | Buy | $74 |
 RPMRPM International Inc. | Buy | $124 |
 AAgilent Technologies, Inc. | — | $150 |
 EMNEastman Chemical Company | Hold | $70 |
 ESIElement Solutions Inc | — | $30 |
 OLNOlin Corporation | Hold | $27 |
 PPGPPG Industries, Inc. | Buy | $140 |
 QQnity Electronics, Inc. | — | $105 |
 TROXTronox Holdings plc | — | $9 |
Analysts24M
- Frank MitschDOW · OLN · Q5
Recent actions
| Stock | Rating action | Rating | Target | Date |
|---|---|---|---|---|
| RPM International Inc.RPM | Upgrade | Hold →Buy | $124 | Jul 22 |
| Tronox Holdings plcTROX | Target | $9 | May 7 | |
| LyondellBasell Industries N.V.LYB | Upgrade | Hold →Buy | $50 →$74 | Mar 9 |
| Agilent Technologies, Inc.A | Target | $150 | Mar 9 | |
| Dow Inc.DOW | Upgrade | Hold →Buy | $50 →$38 | Mar 9 |
| Eastman Chemical CompanyEMN | Target | $70 | Feb 2 | |
| LyondellBasell Industries N.V.LYB | Target | $70 →$50 | Dec 3, 2025 | |
| Qnity Electronics, Inc.Q | Target | $105 | Nov 3, 2025 | |
| Olin CorporationOLN | Target | $27 | Sep 25, 2025 |
Similar coverage12M
References
- About Us – Fermium Researchfermiumresearch.com
- Important Disclosures – Fermium Researchfermiumresearch.com
- Fermium Research: Homefermiumresearch.com
- Frank Mitsch – MarketScreenermarketscreener.com