Mizuho lowered the firm’s price target on Tronox (TROX) to $7 from $9 and keeps a Neutral rating on the shares. The firm updated price targets in the chemicals, agriculture, and packaging sector to reflect the recent market multiple reductions, and only modestly reduce forward year estimates as Mizuho does not have a recession forecast. However, lower oil prices will reduce the gas-linked cost advantage for many of the basic chemical stocks, the analyst tells investors in a research note. The firm believes March quarter pre-buying for autos and electronics creates “risk for give-back near-term.”

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Tronox price target lowered to $10 from $14 at Truist Tronox price target lowered to $22 from $25 at Alembic Global Tronox director buys $215K in common stock Strategic Closure and Market Dynamics Position TRONOX for Growth: A Buy Recommendation by John McNulty Tronox intends to idle pigment plant in the Netherlands, sees charges

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