Tronox Downgraded to Underweight by JPMorgan Chase & Co.

Tronox (NYSE:TROX) has had its stock rating downgraded from 'neutral' to 'underweight' by analysts at JPMorgan Chase & Co.

The firm now has a price objective of $5.00 on Tronox, which suggests a potential downside of 19.22% from the company's previous close.

This is not the only negative forecast for Tronox; Goldman Sachs Group reduced its price target to $6.50 and set a 'sell' rating for the company in July. Meanwhile, Weiss Ratings reissued a 'sell (d-)' rating on shares of Tronox in August.