Aero sector issues temper titanium outlook: analysts
Feb 22, 2013 | 06:06 PM
| Frank Haflich
Tags
titanium,
market outlook,
analysts,
Davenport & Co. LLC,
Boeing 787,
Airbus SAS 750,
Precision Castparts,
Wyman Gordon
Lloyd T. O'Carroll
LOS ANGELES The continuing impact of forging press outages in 2012, as well as an ongoing inventory selloff at aerospace giant Boeing Co., has prompted analysts to temper their titanium outlook over the next five years.
"We are incrementally less bullish on the outlook for aircraft demand of titanium in 13 and through 17, despite a higher aircraft delivery forecast," analysts Lloyd T. OCarroll and John F. Ockerman of Davenport & Co. LLC said in a note to investors.....
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