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RBC Capital Maintains The Chemours(CC.US) With Buy Rating, Cuts Target Price to $25

Futu News ·  Nov 6 20:34  · Ratings

RBC Capital analyst Arun Viswanathan maintains $The Chemours (CC.US)$ with a buy rating, and adjusts the target price from $28 to $25.

According to TipRanks data, the analyst has a success rate of 50.0% and a total average return of -0.5% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $The Chemours (CC.US)$'s main analysts recently are as follows:

  • Analysts note that while their projections for 2025 earnings have decreased by roughly 3%, this is somewhat mitigated by the company's newly announced $250M incremental cost savings program. Despite this, their outlook is expected to stay below the consensus. Analysts also suggest that the notable share price movement on Monday was likely a result of unexpected positioning, anticipating a shortfall and reduced guidance coupled with a cost-cutting initiative that was more substantial than anticipated.

  • The company's stabilizing results and strategy are observed as clear positives.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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