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What: Shares of titanium company RTI International Metals
So what: The Goldman analyst's price target was reduced from $40 to $31 as RTI fell from a neutral rating to sell. Goldman is concerned that RTI won't be able to pass on increasing titanium sponge costs to customers and will feel a margin squeeze as a result.
Now what: Titanium sponge recently hit prices not seen since early 2008, and RTI's pricing power will be tested as a result. Investors might want to take a look at Titanium Metals
Interested in more info on RTI International Metals? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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