Mizuho Securities analyst John Roberts CFA has maintained their neutral stance on CC stock, giving a Hold rating on February 24.
John Roberts CFA’s rating is based on several factors influencing Chemours Company’s current market position. The recent addition of a Google executive and an activist investor to the board has increased stock volatility, yet it also suggests a potential reduction in perceived risks associated with PFAS liabilities. However, the unresolved complexities of PFAS liabilities, despite a liability-sharing agreement with DuPont and Corteva, continue to pose a significant challenge for Chemours.
Additionally, while Chemours remains a leading producer of fluorine-based refrigerants and specialty plastics, the transition to next-generation refrigerants has been hampered by industry stockpiling of older products. The company’s performance has also been affected by the global economic downturn, particularly in the TiO2 pigment market. Despite these challenges, the addition of new board members and the potential for positive developments in PFAS management contribute to a cautious outlook, justifying the Hold rating.
In another report released on February 24, Barclays also maintained a Hold rating on the stock with a $19.00 price target.