Precision Castparts gets rating downgrade

Aug 04, 2014 | 12:20 PM | Frank Haflich

Tags  Precision Castparts, PCC, Goldman Sachs Group, titanium, nickel alloys, Titanium Metals, Special Metals, Wyman-Gordon aerospace

LOS ANGELES — Goldman Sachs Group Inc. has lowered its rating on Precision Castparts Corp. (PCC) but still considers the aerospace supply chain company a buy.

The investment house removed PCC’s common stock from its "conviction list" and now rates the company as a "buy," describing it as an "attractive opportunity" in aerospace and defense, it said in a July 24 report to investors.....

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