Barclays has decided to maintain its Underweight rating of Kronos Worldwide KRO and lower its price target from $15.00 to $8.00.
Shares of Kronos Worldwide are trading down 9.6% over the last 24 hours, at $9.65 per share.
A move to $8.00 would account for a 17.14% decrease from the current share price.
About Kronos Worldwide
Kronos Worldwide Inc manufactures and sells titanium dioxide pigments. Titanium dioxide is a white inorganic pigment used in a variety of products. The majority of Kronos' sales come from titanium dioxide used for coatings on automobiles, aircraft, machines, appliances, traffic paint, and in both commercial and residential interiors and exteriors. The second- largest product category is titanium dioxide used for plastics such as packaging materials and food packaging, houseware, appliances, toys, and computer cases. The majority of revenue comes from Europe.
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