Tronox downgraded to Sell from Hold at Truist

Truist downgraded Tronox (TROX) to Sell from Hold with a price target of $8, down from $9. The firm still expects Tronox earnings to improve sequentially throughout 2026, but sees potential for Q2 guidance to disappoint, the analyst tells investors. Even when valuing shares on a “mid-cycle / normalized” basis, the firm believes implied upside is “relatively limited,” the analyst added.