Keybanc starts RTI coverage with ‘Hold’

Dec 22, 2010 | 01:34 PM |

KeyBanc Capital Markets Inc. has initiated coverage of RTI International Metals Inc. with a "Hold" rating on the company's common stock.

Keybanc cited near-term "challenges" balanced by favorable "tailwinds" over the longer term for the Pittsburgh-based titanium producer, distributor and fabricator.

RTI will probably see a "below-normalized" potential for earnings per share over the next 12 to 18 months. But its "longer-term prospects look favorable" due to long-term supply agreements on a number of key aircraft platforms, said Mark Parr, managing director of Cleveland-based KeyBanc.....

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