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Fly News Breaks for December 10, 2018
TROX
Dec 10, 2018 | 08:14 EDT
JPMorgan analyst Jeffrey Zekauskas thinks the risk/reward balance for Tronox shares is favorable at current levels. It is reasonable for investors to build positions at current prices following the sharp recent pullback, Zekauskas tells investors in a research note titled "Judgment Day." He believes with a a 60%-65% probability that Tronox can close its deal with Cristal and keeps an Overweight rating on the shares with a $17 price target.
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