Citi Downgrades Titanium Metals (TIE) to Hold
More News related to TIE
- TIMET Reports Third Quarter 2009 Results
- TIMET Declares Dividend on 6-3/4% Series A Preferred Stock
- Titanium Metals (TIE) volatility low on tight trading range into EPS and demand outlook
- TIE Announces New Strategic Alliance with Intertrade Systems
- DA Davidson Initiates Coverage on Titanium Metals (TIE) with a Neutral
More News related to Downgrades
- Verizon (VZ) Executive McAdam Buys 17K Shares
- Herbalife (HLF) CEO Enters Trading Plan Covering 732K Shares
Citi downgrades Titanium Metals (NYSE: TIE) from Buy to Hold. Price target lowered to $7.50 from $8.
Citi analyst says, "Based on further weakness in titanium prices, we are downgrading TIE to Hold and reducing our '09 estimate to $0.33 from $0.35, '10 estimate to $0.50 from $0.80 and maintaining '11 at $0.85. Based on these changes our target prices declines to $7.50/sh from $8.00/sh...Items to look for in the earnings release include: 1) High value product mix; 2) YoY volumes changes in mill products; 3) Offsetting margin effects of lower raw materials costs and lower fixed cost absorption on diminished sales volumes; 4) Capex outlook; and 5) Commentary about aerospace engine or airframe demand."
Titanium Metals Corporation (TIMET) is a producer of titanium melted and mill products. The Company has titanium production facilities in the United States and Europe.
Related Categories
DowngradesStocks Mentioned
+0.42Related Entities
Comments
uh, it is at 6.08 now, so I guess its a buy?
A little late eh? It is at 6.08 now, so I guess its a buy?
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
Citigroup Downgrades, I buy
Fliujniligui on Apr 21, 2009 07:55 PMSeriously, TIE has equity equal to market cap and no debt. Their product is technologically quintessential for long term development and this is when analysts create bargain with their 2 inch view range that we must buy such valuable companies. Citigroup is the best house to have a short term view about the inside and the outside of itself and other companies. The superficiality of their analysis can explain moves from stocks for 2 next months but are far from seizing the long term meaning of being in busines. I buy what they downgrade.