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Alembic Global Sticks to Its Buy Rating for Chemours Company (CC)

Tipranks - Tipranks - Thu Mar 19, 3:50PM CDT

In a report released today, Hassan Ahmed from Alembic Global maintained a Buy rating on Chemours Company, with a price target of $24.00.

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Ahmed covers the Basic Materials sector, focusing on stocks such as Westlake Corporation, Dow Inc, and LyondellBasell. According to TipRanks, Ahmed has an average return of 3.7% and a 46.17% success rate on recommended stocks.

In addition to Alembic Global, Chemours Company also received a Buy from Mizuho Securities’s John Roberts CFA in a report issued on March 5. However, on March 13, TipRanks – OpenAI reiterated a Hold rating on Chemours Company (NYSE: CC).

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Based on Chemours Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.33 billion and a GAAP net loss of $61 million. In comparison, last year the company earned a revenue of $1.39 billion and had a GAAP net loss of $8 million

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