Tronox initiated with a Buy at Truist

Truist initiated coverage of Tronox (TROX) with a Buy rating and $17 price target The firm believes Tronox has one of the “strongest competitive positions” in TiO2 industry, which is supported by its scale and superior degree of vertical integration, the analyst tells investors. Truist anticipates improving TiO2 market fundamentals and potential support from anti-dumping duties targeting Chinese exports will enable the company to achieve above-market volume growth.