Tronox upgraded to 'overweight' by J.P. Morgan on improving titanium dioxide prices

Brokerage J.P. Morgan upgrades chemical maker Tronox TROX.N to "overweight" from "neutral", raises PT to $7 from $5

New PT implies a 27.1% upside to the stock's last close

Brokerage says the value of Tronox has fallen 74% over the past year, despite a rising market, and thinks it's due for a rebound

Brokerage expects titanium dioxide (TiO2) prices to rise in the second or third quarter of 2025, after a two-year decline, which should benefit TROX

The company has opportunities to gain market share and increase sales due to tariffs imposed on Chinese imports in key markets like India and Brazil, says J.P. Morgan

As of last close, TROX stock down 49.3% YTD