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Fly News Breaks for September 9, 2019
CC
Sep 9, 2019 | 08:00 EDT
BMO Capital analyst John McNulty lowered his price target on Chemours to $23 while also cutting his FY19 EPS view to $2.31 from $2.80 to reflect the pressures in its fluoroproducts business and the "slow pace" of its return to titanium dioxide market. The analyst calls these "appropriately conservative" and keeps his Outperform rating on the stock to reflect his expectation of improved cash flows and "washed out" valuation, though he also believes that the Street consensus earnings will still need to come solidly lower.
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