Tronox Holdings shares are trading higher after BMO Capital upgraded the stock from Market Perform to Outperform and raised its price target from $11 to $18.
Portfolio Pulse from Benzinga Newsdesk
Tronox Holdings' stock (TROX) is trading higher following an upgrade from BMO Capital, which changed its rating from Market Perform to Outperform and increased the price target from $11 to $18.
December 18, 2023 | 4:26 pm
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POSITIVE IMPACT
Tronox Holdings' stock is expected to experience a positive short term impact due to the upgrade from BMO Capital from Market Perform to Outperform and a significant raise in the price target from $11 to $18.
Analyst upgrades and revised price targets are strong indicators that can influence investor sentiment and stock prices in the short term. The substantial increase in the price target from $11 to $18 by BMO Capital suggests a positive outlook for Tronox Holdings, which is likely to result in increased investor interest and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100