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. O’Carroll and John F. Ockerman of Davenport & Co. LLC said in a note to investors.....

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