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Titan America price target lowered to $16 from $19 at Stifel

Stifel lowered the firm’s price target on Titan America (TTAM) to $16 from $19 and keeps a Buy rating on the shares. For 2025, Titan expects mid-single digit top-line growth with “modest” EBITDA margin expansion, notes that analyst, who adds that assuming 5% revenue growth and 50 bps of margin expansion implies about $1.7B of revenue and about $395M of adjusted EBITDA.

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