UPDATEL J.P. Morgan Initiates Coverage on Titanium Metal Sector at Underweight

According to J.P. Morgan, Titanium Metal Sector

coverage is initiated at Underweight. J.P. Morgan said that it initiates coverage on the titanium metal sector with an Underweight rating on RTI International Metals (

) and a Neutral rating on Titanium Metals Corporation (

). “Our relative preference for TIE stems from its lower exposure to challenging defense markets, leverage to Boeing's comparatively stronger widebody build rates vs. RTI's Airbus LTAs, and broader melting technologies.” Titanium Metal Sector closed yesterday at $16.28.