Barclays Maintains Underweight Rating for Kronos Worldwide: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Underweight rating for Kronos Worldwide (NYSE:KRO) and lowered its price target from $7.00 to $6.00. Despite this, shares of Kronos Worldwide are trading up 4.89% over the last 24 hours, at $7.72 per share.
October 04, 2023 | 5:00 pm
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Barclays has maintained its Underweight rating for Kronos Worldwide and lowered its price target, potentially indicating a negative outlook for the stock.
Barclays, a major financial institution, has maintained an Underweight rating for Kronos Worldwide and lowered its price target. This suggests that they believe the stock is overvalued at its current price and may decrease in the future. This could potentially lead to a negative impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100