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Chemours downgraded to Sector Perform from Outperform at RBC Capital
The Fly

Chemours downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital analyst Arun Viswanathan downgraded Chemours to Sector Perform from Outperform with a price target of $33, down from $35. The analyst sees a downward estimate revision cycle persisting through the first half of 2023 due to weak TiO2 markets and tough compares. A potential settlement with the water districts and strong cash flow and balance sheet metrics "are possible upside risks" to the downgrade, Viswanathan tells investors in a research note.

Published first on TheFly

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