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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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
- Morning Movers: Apple shares slip following Jefferies downgrade
- Video: Apple dips as Jefferies says sell amid too-high iPhone expectations
