Barclays lowered the firm’s price target on NL Industries to $6 from $7 and keeps an Underweight rating on the shares post the Q4 results. While Asia spot TiO2 prices have moved 5% higher year-to-date, supply/demand remains imbalanced through the first half of 2023 as coatings customers continued to work down elevated inventory levels and China demand recovery in TiO2 has been described as tepid thus far, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on NL:
- NL REPORTS FOURTH QUARTER 2022 RESULTS
- NL INDUSTRIES ANNOUNCES QUARTERLY DIVIDEND FOR THE FIRST QUARTER OF 2023 AT $.07 PER SHARE
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue