Kronos Worldwide price target raised to $9 from $8 at Barclays

Barclays raised the firm’s price target on Kronos Worldwide to $9 from $8 and keeps an Underweight rating on the shares post the Q1 report. The company reported an “encouraging” volume bounce, showcasing operating leverage to a recovery, the analyst tells investors in a research note. However, mixed pricing, elevated China net exports, and financial leverage still warrants some caution on Kronos shares, says the firm.