Barclays Maintains Underweight on Kronos Worldwide, Raises Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Michael Leithead has maintained an Underweight rating on Kronos Worldwide (NYSE:KRO) and raised the price target from $7 to $8.

March 26, 2024 | 9:54 am
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Barclays maintains an Underweight rating on Kronos Worldwide but raises the price target from $7 to $8.
While the upgrade in price target from $7 to $8 by Barclays indicates a slightly more positive outlook on Kronos Worldwide's valuation, the maintenance of an Underweight rating suggests that the analyst still views the stock with caution. This mixed signal could lead to neutral short-term price movement as investors digest both the positive and negative aspects of the analyst's view.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100