Stifel lowered the firm’s price target on Titan America (TTAM) to $15 from $16 and keeps a Buy rating on the shares. The firm believes weather was particularly challenging in Florida during Q1, which is likely to weigh on volume, adding that its analysis of import data lead it to believe Titan’s imported cement volume declined about 60%-65% year-over-year in Q1.
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Read More on TTAM:
- Titan America SA Releases 2024 Annual Report and Convening Notice
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- Titan America price target lowered to $16 from $19 at Stifel
- Titan America price target lowered to $15.50 from $16.50 at BofA
- Titan America Reports Record 2024 Financial Results
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