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Fly News Breaks for August 9, 2019
VNTR
Aug 9, 2019 | 08:04 EDT
As previously reported, RBC Capital analyst Arun Viswanathan downgraded Venator Materials to Sector Perform and lowered his price target to $3 from $8. The analyst cites the pushed out cycle recovery in the titanium dioxide sector beyond the second half of 2019. Viswanathan notes that some industry consultants have more optimistic views of a margin recovery in TiO2 coming in Q3, but he sees a more delayed recovery due to rising raw materials cost and weak price action from cautious buyers.
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