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Fly News Breaks for November 6, 2019
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Nov 6, 2019 | 07:49 EDT
SunTrust analyst James Sheehan raised his price target on Chemours to $20 after its in-line Q3 results, saying investors cheered indications of a recovery in titanium dioxide, or TiO2, market as the stock price rose over 10% yesterday. The analyst remains concerned however that the positive outlook for TiO2 is balanced by the ongoing headwinds in Fluoroproducts amid imports of illegal refrigerants in the E.U. and weak underlying demand in Asia. Sheehan keeps his Hold rating on Chemours.
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