Tronox price target raised to $3.50 from $3 at Mizuho

Mizuho raised the firm’s price target on Tronox (TROX) to $3.50 from $3 and keeps an Underperform rating on the shares. Tronox may receive roughly $600M in potential funding, an amount comparable to its entire market cap, while its core TiO2 business remains pressured by Chinese competition and weak demand, the analyst tells investors in a research note.