Tronox downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Jeffrey Zekauskas downgraded Tronox (TROX) to Neutral from Overweight without a price target The firm says conditions in the titanium dioxide industry have become more difficult in the near term amid poor domestic and European demand due to weak housing and construction markets. JPMorgan had thought Tronox’s titanium dioxide demand would rise sequentially in Q3 versus Q2, but the firm now thinks that demand is more likely to be somewhat lower.