Citi initiated coverage of Titan America (TTAM) with a Buy rating and $19 price target Titan is a leading producer of cement, aggregates, and other construction materials in the Southeast, the analyst tells investors in a research note. The firm sees the stock as well positioned to benefit from favorable demand trends in the company’s “higher growth” Florida and Mid-Atlantic markets. Titan’s “compelling growth story” should allow the company to narrow its valuation gap versus peers, contends Citi.
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