UPDATE: Barclays Capital Reiterates On NL Industries Following Solid Net Income

In a report published Thursday, Barclays Capital analyst Duffy Fischer reiterated an Underweight rating on

, but lowered the price target from $10.00 to $9.00. In the report, Barclays Capital noted, “NL Industries reported a net income of $0.08 vs. a loss of ($0.04) in 1Q'13. Driving the quarter for the company were stronger CompX results, higher equity earnings from their holding in Kronos, and lower environmental remediation costs.” NL Industries closed on Wednesday at $8.80.