Goldman Sachs Maintains RTI International Metals Neutral Rating, PT Of $25 (RTI)

Goldman Sachs maintained its RTI International Metals RTI Neutral rating and $25 price target in a research report published today. In the report, Goldman Sachs states, "We are lowering RTI's 2011 adjusted EPS (for the Tronox related pre-tax charge of $10.7) to $0.02 from $0.30 due to higher sponge costs, lower shipments for the Boeing 787 program, higher start up costs at the new Martinsville, Virginia facility, and interest expense assumptions for the converts. This is partially offset by higher titanium shipment volumes and prices. Our 1Q11-4Q11 estimates are now $0.02/$0.02/ $0.00/-$0.02 from $0.03/$0.05/$0.10/$0.12. Our 2012E/2013E/2014E/ normalized estimates do not change." Shares of RTI International Metals were at $27.55 in after hours trading, reflecting no change in the shares from Tuesday's market close.