TROX Should I Buy

Goldman Sachs analyst Duffy Fischer raised the firm's price target on Tronox to $7.50 from $5.50 and keeps a Buy rating on the shares. Tronox's preliminary Q4 EBITDA of $57M missed consensus but was closer to reduced Street expectations, alongside a permanent shutdown of the Fuzhou plant that will drive $15M+ in annual run-rate savings despite near-term charges, the analyst tells investors in a research note. The closure underscores pressure from sharply higher sulfur prices, which are weighing more heavily on Chinese TiO2 producers than recent trade actions and benefiting Western producers that rely more on chlorine-based processes, the firm says.