BMO Capital Upgrades Tronox Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has upgraded Tronox Holdings (NYSE:TROX) to Outperform with a new price target of $18.00, up from the previous $11.00. Tronox's shares have risen 8.09% in the last 24 hours to $14.69. The new price target suggests a potential upside of 22.53%. Tronox is a vertically integrated TiO2 pigment manufacturer with operations across various regions and serves multiple industries.
December 18, 2023 | 5:00 pm
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POSITIVE IMPACT
BMO Capital upgraded Tronox Holdings to Outperform and raised the price target from $11.00 to $18.00. The stock has already reacted positively, increasing by 8.09%.
The upgrade by BMO Capital is a strong positive signal for investors, indicating a bullish outlook on Tronox's financial performance and market position. The significant increase in the price target and the subsequent positive stock price movement suggest that the market is responding well to the upgrade. The potential for a 22.53% increase to the new price target may attract additional investor interest in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100