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UPDATE: Goldman Sachs Upgrades RTI International Metals to Neutral on Subsiding Headwinds

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UPDATE: J.P. Morgan Upgrades RTI International Metals On Multiple Positive Factors

Goldman Sachs raised its rating on RTI International Metals (NYSE: RTI) from Sell to Neutral and increased its price target from $20 to $27.

Goldman Sachs noted, "Three key headwinds drove our Sell rating on RTI: (1) rising raw material prices squeezing margins on fixed price contract business, (2) expected defense budget cuts, and (3) inventory destocking in the titanium supply chain. We see the impact of these headwinds receding and upgrade the stock to Neutral from Sell. Since being added to the Sell List on July 13, 2011, RTI is down 39.1% versus the S&P 500 up 7.2%."

RTI International Metals closed at $22.79 on Wednesday.

Latest Ratings for RTI

DateFirmActionFromTo
Aug 2014JP MorganMaintainsOverweight
Jun 2014Cleveland ResearchUpgradesNeutral
May 2014JP MorganUpgradesNeutralOverweight

View More Analyst Ratings for RTI
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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