Tronox price target raised to $17 from $15 at Barclays

Barclays analyst Michael Leithead raised the firm’s price target on Tronox to $17 from $15 and keeps an Overweight rating on the shares. The analyst says signs of a TiO2 market recovery continue to make Tronox shares “interesting,” although cost headwinds plus “cash trapped in inventory offer some room for improvement.”