In a report released today, Joshua Spector from UBS maintained a Hold rating on Chemours Company (CC – Research Report), with a price target of $31.00. The company’s shares opened today at $32.67.
According to TipRanks, Spector is a 5-star analyst with an average return of 11.9% and a 70.80% success rate. Spector covers the Basic Materials sector, focusing on stocks such as Intrepid Potash, Lsb Industries, and PPG Industries.
In addition to UBS, Chemours Company also received a Hold from RBC Capital’s Arun Viswanathan in a report issued yesterday. However, today, Bank of America Securities upgraded Chemours Company (NYSE: CC) to a Buy.
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CC market cap is currently $4.91B and has a P/E ratio of 5.71.
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The Chemours Co. is a holding company, which engages in the provision of performance chemicals. It operates through the following segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Titanium Technologies segment produces titanium dioxide. The Fluoroproducts segment supplies refrigerants and industrial fluoropolymer resins. The Chemical Solutions segment provides chemicals used in gold production, oil refining, agriculture, and industrial polymers. The firm offers refrigerants, industrial fluoropolymer resins, sodium cyanide, performance chemicals and intermediates, and titanium dioxide pigments to the plastics and coatings, refrigeration and air conditioning, general industrial, electronics, mining, and oil refining markets. The company was founded on February 18, 2014 and is headquartered in Wilmington, Delaware.
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