02:25 AM EDT, 05/08/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target at $9, using a forward P/E of 5x our 2026 EPS view of $1.86 (cut by $0.17), below the three-year average of 6.5x on near-term fundamental concerns, lingering litigation issues, and heightened macroeconomic uncertainty. We also cut 2025 EPS to $1.49 from $1.58. Q1 sales were flat Y/Y, as declines in Advanced Performance Materials (APM) and a 44% decline in the Freon refrigerant within Thermal & Specialized Solutions (TSS) were fully offset by gains in Titanium Technologies (TT) and a 40% jump in the Opteon refrigerant within TSS. Adj. EBIT margin fell 320 bps Y/Y on lower pricing, mainly due to Freon weakness and regional pricing dynamics in TT, along with unfavorable FX translation and lower volumes in APM. Sales/volume/price by segment: TSS (34% of Q1 sales) +3%/+10%/-6%, TT (44%) +1%/+6%/-4%, and APM (22%) -3%/-1%/flat. We keep our Strong Sell view, driven by lingering litigation issues and deteriorating fundamentals/debt coverage ratios, supported by CC's 65% dividend cut in Q1.