Hunstman hustles higher on upgrade, rumor of interest in Tronox

|By:, SA News Editor

Huntsman (HUN +2.6%) is upgraded to Buy from Hold with a $24 price target at KeyBanc based on valuation and earnings upside driven by further improvement in the polyurethanes and performance products segments, which account for more than 70% of sales.

The firm also sees the possibility of portfolio changes in coming quarters as another positive catalyst for HUN shares.

Tronox (TROX +7.9%) shares are higher on rumors HUN is interested in the company, which also is a major player in the titanium dioxide market.