Barclays analyst Michael Leithead lowered the firm’s price target on Tronox (TROX) to $13 from $16 and keeps an Overweight rating on the shares. The firm says market softness and supplier maintenance weigh down Q1, while full year guide contemplates recovery in the second half of 2025. Investors remain focused on cash generation, which has been elusive, Barclays adds. The firm remains bullish on Tronox as it sees high equity asymmetry to a recovery, but is looking to see better execution, particularly on cash flow.
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