Tag: Tronox Ltd
BMO says buy this little-known chemical stock with more than 30% upside
[ad_1] Titanium dioxide producer Tronox should soar on the back of near- and long-term tailwinds, according to BMO Capital Markets. The bank upgraded the stock to outperform from market perform and boosted its price target to $18 from $11. This implies that Tronox stock could rally more than 32% from its Friday close. Tronox is a vertically integrated producer of titanium dioxide. The pigments derived from this compound add brightness and durability to everyday items such as inks, plastics, paper, paints, coatings and other products. Shares of Tronox are up 4% this year, but 2024 should mark an inflection point ... Read more