Tronox Reports Third Quarter 2024 Financial Results
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Goldman Sachs Reiterates Buy Rating on TRONOX (TROX)
October 28, 2024 6:03 AM EDTGoldman Sachs analyst Duffy Fischer reiterated a Buy rating and $15.00 price target on TRONOX (NYSE: TROX).
The analyst comments "TROX (Buy) reported 3Q24 adjusted EBITDA of $143mn vs Bloomberg consensus and guidance midpoint of ~$155mn. The company missed given weaker than anticipated TiO2 volumes having come in at -7% vs guidance of down 2-4% sequentially. Management noted that orders in Asia and Europe... More
