Truist analyst Peter Osterland lowered the firm’s price target on Tronox (TROX) to $14 from $17 and keeps a Buy rating on the shares after its Q4 earnings miss. The company’s 2025 outlook expects improved TiO2 volumes in 2025 but with competitive conditions likely not supportive of pricing improvement until the second half, the analyst tells investors in a research note. Tronox does have a path to EBITDA growth this year despite the headwinds, but margin recovery may not be demonstrated until at least the second half of the year, Truist added.
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