JP Morgan Maintains Overweight on Tronox Holdings, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeffrey Zekauskas maintains an Overweight rating on Tronox Holdings (NYSE:TROX) but lowers the price target from $18 to $16.
May 31, 2023 | 12:25 pm
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NEUTRAL IMPACT
JP Morgan maintains an Overweight rating on Tronox Holdings (TROX) but lowers the price target from $18 to $16.
The news of JP Morgan maintaining an Overweight rating on Tronox Holdings (TROX) is positive for the stock. However, the lowering of the price target from $18 to $16 may create some uncertainty among investors. The overall impact on the stock price in the short term is expected to be neutral, as the positive rating is offset by the reduced price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100