Chemours Completes Sale of Clean and Disinfect Business to LANXESS

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Jefferies Raises Price Target on Chemours (CC) to $15; Reiterates Hold

September 1, 2016 9:05 AM EDT

Jefferies reiterated a Hold rating on Chemours (NYSE: CC), and raised the price target to $15.00 (from $10.00), after adjusting estimates for tailwinds. Jefferies raised 2016 estimates $0.15 to $0.80, 2017 $0.40 to $1.35, and 2018 $0.35 to $1.90.

Analyst Laurence Alexander commented, "We are raising our estimates to better reflect tailwinds from... More