Tronox (TROX -5.3%) is downgraded to Neutral from Buy with a $21 target price (from $23) at UBS,...

|About: Tronox Inc. (TROX)|By:, SA News Editor

Tronox (TROX -5.3%) is downgraded to Neutral from Buy with a $21 target price (from $23) at UBS, reflecting lower near-term earnings expectations due to TiO2 pricing and demand headwinds the firm expects to persist until at least H1 2013. UBS cuts its forecast of TROX Q4 EPS to a loss of $0.18 based primarily on its revised estimate of TiO2.