In a report published Thursday, Barclays Capital analyst Duffy Fischer reiterated an Underweight rating on NL Industries NL, but lowered the price target from $10.00 to $9.00.
In the report, Barclays Capital noted, “NL Industries reported a net income of $0.08 vs. a loss of ($0.04) in 1Q'13. Driving the quarter for the company were stronger CompX results, higher equity earnings from their holding in Kronos, and lower environmental remediation costs.”
NL Industries closed on Wednesday at $8.80.
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