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Fly News Breaks for September 28, 2018
TROX
Sep 28, 2018 | 07:10 EDT
In a research note titled "Down, but Not Out," JPMorgan analyst Jeffrey Zekauskas keeps an Overweight rating on shares of Tronox. He also lowered his price target for the stock to $17 from $22. The analyst believes Tronox should close its merger with Cristal by the end of 2018 and that the deal "would be quite beneficial to the value" of the company. He expects the company to divest the 245kt of titanium dioxide production in Ashtabula, Ohio owned by Cristal to another party. Tronox offers a 17% free cash flow yield for 2019 and something less than 30% free cash flow yield for 2020, Zekauskas tells investors in a research note.
News For TROX From the Last 2 Days
TROX
Mar 27, 2024 | 08:29 EDT
Deutsche Bank analyst David Begleiter raised the firm's price target on Tronox to $20 from $17 and keeps a Buy rating on the shares.