Tronox price target lowered to $11.50 from $13 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Tronox (TROX) to $11.50 from $13 but keeps a Buy rating on the shares. The company saw in-line results for titanium dioxide based on previous guidance with Asia Pacific and Latin America showing improvement while Europe remains a drag, the analyst tells investors in a research note. Company commentary also suggested that for titanium dioxide, pricing could range from flat to low single digit improvement for the year while volumes should grow from low-mid to high-single-to-double-digits depending on demand for the year, the firm added.