Titan America initiated with a Buy at Jefferies

Jefferies analyst Philip Ng initiated coverage of Titan America (TTAM) with a Buy rating and $19 price target The firm cites the company’s “industry-high” returns and its ability to outgrow the market consistently for the Buy rating. Despite exposure to coastal markets, Titan America has generated steady margins and compares favorably to its vertically integrated peers, the analyst tells investors in a research note. Jefferies expects the stock’s 30% discount to peers to narrow.