** Brokerage J.P. Morgan upgrades chemical maker Tronox TROX.N to "overweight" from "neutral", raises PT to $7 from $5

** New PT implies a 27.1% upside to the stock's last close

** Brokerage says the value of Tronox has fallen 74% over the past year, despite a rising market, and thinks it's due for a rebound

** Brokerage expects titanium dioxide (TiO2) prices to rise in the second or third quarter of 2025, after a two-year decline, which should benefit TROX

** The company has opportunities to gain market share and increase sales due to tariffs imposed on Chinese imports in key markets like India and Brazil, says J.P. Morgan

** As of last close, TROX stock down 49.3% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))