While Fools should generally take the opinion of Wall Street with a grain of salt, it's not a bad idea to take a closer look at particularly stock-shaking upgrades and downgrades -- just in case their reasoning behind the call makes sense.

What: Shares of RTI International Metals (NYSE:RTI) surged 6% today after J.P. Morgan upgraded the titanium products producer from neutral to overweight.

So what: Along with the upgrade, analyst Michael Gambardella raised his price target to $34 (from $32), representing about 40% worth of upside to yesterday's close. So while momentum traders might be turned off by RTI's sharp year-to-date pullback, Gambardella's call could reflect a sense on Wall Street that industry tailwinds give the company plenty of cause to rebound.

Now what: According to J.P. Morgan, RTI's risk/reward trade-off remains rather attractive at this point. "RTI commands a unique and increasingly valuable position as the sole North American supplier of titanium mill products for Airbus with an estimated 30-35% market share," said Gambardella. "Based on forecasts from J.P. Morgan's Aerospace & Defense team as well as recent commentary and test flight results from Airbus, we expect higher A350 XWB build rates will help drive RTI's 2015 earnings ahead of expectations; our updated estimates are 19% higher than consensus."

When you couple that upbeat outlook with RTI's beaten-down stock price -- still off 30% from its 52-week high even with today's rally -- it's tough to disagree with J.P. Morgan's bullishness.

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Brian Pacampara has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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