UBS Downgrades Tronox Holdings to Neutral, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector has downgraded Tronox Holdings (NYSE:TROX) from Buy to Neutral and lowered the price target from $17 to $15.
September 07, 2023 | 9:48 am
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Tronox Holdings has been downgraded from Buy to Neutral by UBS, with a lowered price target from $17 to $15.
The downgrade from Buy to Neutral by UBS indicates a less optimistic outlook for Tronox Holdings. The lowered price target from $17 to $15 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100