Deutsche Bank Reiterates Buy On Kronos (KRO)

Deutsche Bank is reiterating its Buy rating and $60 price target on shares of Kronos Worldwide, Inc. KRO. In a note to investors, Deutsche Bank writes, "The highlight of our March 28 TiO2 industry conference call was industry consultant TZMI's view that tight global TiO2supply/demand conditions would persist through at least 2012 and likely 2013. With mounting pressure from feedstock ore costs, very tight feedstock ore supply/demand and global demand growing at a 4-4.5%/yr, we continue to expect most, if not all, of the two current TiO2 pricing actions ($0.10/lb for April 1, $0.15/lb for July 1) to stick. We reiterate our Buy ratings on Kronos and Rockwood." Shares of KRO lost 33 cents yesterday to close at $58.30, a loss of 0.66%.