Truist raised the firm’s price target on Tronox (TROX) to $7 from $5 and keeps a Buy rating on the shares. The firm adjusted targets in the chemicals group as part of its Q4 earnings preview. The analyst says demand growth for the group will be limited in 2026 given the “low-growth” macro environment. Truist expects relative strength to continue for the companies with exposure to AI and data centers.
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Read More on TROX:
- Tronox price target raised to $5.25 from $3.80 at UBS
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- Tronox price target raised to $6 from $5 at Deutsche Bank
- Tronox price target raised to $5.50 from $4.25 at Goldman Sachs
- Tronox price target raised to $3.50 from $3 at Mizuho