UPDATE: Deutsche Bank Raises PT on Rockwood Holdings from $65.00 to $70.00

Deutsche Bank has published a report on Rockwood Holdings ROC raising the price target, estimated earnings per share, and revenue estimates. In the report, Deutsche Bank wrote, "Rockwood shares rose 3% following a strong Q2 release. While TiO2 was again the (rock) star of the quarter (EBITDA +115%), Rockwood's other 3 segments also posted strong results with EBITDA up 24-26%. This helped drive Rockwood's EBITDA margin to an all time high of 23.4%. With tight TiO2 s/d underpinning further price increases, a 20% lithium price increase beginning to stick and battery grade lithium products sold out." Deutsche Bank rated Rockwood Holdings a BUY with a price target raised from $65.00 to $70.00. Rockwood Holdings closed Wednesday at $60.57.