BMO Capital analyst John McNulty maintains $Tronox (TROX.US)$ with a buy rating, and adjusts the target price from $21 to $17.
According to TipRanks data, the analyst has a success rate of 53.3% and a total average return of 2.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Tronox (TROX.US)$'s main analysts recently are as follows:
Following the Q3 report, there are tempered expectations for the company due to softer demand, ongoing exports from China, and the minimal effects of anti-dumping duties.
The investment narrative for Tronox has consistently been linked to the outlook for 2025. Despite the third-quarter earnings falling short of expectations and the postponement of the benefits from increased utilization rates until the latter part of the fourth quarter, the outlook for Tronox's earnings in 2025 remains positive as current challenges are expected to diminish.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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