JP Morgan Downgrades Tronox Holdings to Neutral, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeffrey Zekauskas has downgraded Tronox Holdings (NYSE:TROX) from Overweight to Neutral and lowered the price target from $16 to $11.
October 27, 2023 | 9:53 am
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Tronox Holdings has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $11.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Tronox Holdings. The lowered price target suggests that JP Morgan sees less upside potential in the stock, which could lead to selling pressure.
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