Barclays Maintains Overweight on Tronox Holdings, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Michael Leithead maintains an Overweight rating on Tronox Holdings (NYSE:TROX) but lowers the price target from $18 to $16.
October 28, 2024 | 2:06 pm
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Barclays has maintained its Overweight rating on Tronox Holdings but has lowered the price target from $18 to $16, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in Tronox Holdings, but the reduction in the price target from $18 to $16 indicates a tempered outlook, likely due to revised expectations or market conditions. This could lead to a short-term negative impact on the stock price as investors adjust to the new target.
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