Apr. 9 at 6:24 PM
After more than doubling already in 2026, Truist thinks it might be time to hold off on buying more Tronox
.
The bank downgraded the titanium product producer to hold from buy, though hiked its price target to
$9, which indicates a 1% fall from Wednesday’s close. While higher commodity pricing has helped lead the 20% higher since the start of the U.S.-Iran war, analyst Peter Osterland wrote in a Thursday note investors may be ignoring risks for the company.
“We do see elevated risk that cost pressure and less favorable geographic mix has the potential to impact TROX earnings and cash flows near-term,” Osterland wrote. “While we view TROX’ higher degree of vertical integration as an advantage under “normalized” conditions we do see potential for this to represent a relative disadvantage near-term due to higher freight and logistics costs.”
$TROX