Truist lowered the firm’s price target on Tronox (TROX) to $5 from $6 and keeps a Buy rating on the shares. Truist expects TiO2 pricing declines to drive lower quarter over quarter earnings and sees potential for further sequential TiO2 price declines in Q4, the analyst tells investors in a research note.
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Read More on TROX:
- Tronox price target lowered to $3.50 from $4 at Mizuho
- Tronox Faces Downgraded EPS and TiO2 Demand Amidst Pricing Pressures: Hold Rating Issued
- Tronox price target raised to $3.90 from $3.60 at UBS
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