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Fly News Breaks for March 29, 2017
CC
Mar 29, 2017 | 05:59 EDT
Jefferies analyst Laurence Alexander upgraded Chemours to Buy and raised his price target for the shares to $48 from $35. While the stock has rallied as a trade on cyclical leverage and litigation relief, structural improvements in TiO2 and fluoropolymers could bring further upside, Alexander tells investors in a research note. An 8% free cash flow yield suggests industry risks are still being discounted, the analyst contends.
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