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Stock Market & Financial Investment News

News Breaks
June 30, 2014
07:04 EDTAA, ATIAllegheny Tech has positive read through from deal, says Stifel
After Alcoa (AA) agreed to buy Allegheny Technologies (ATI) peer Firth Rixson, Stifel thinks the deal indicates that the market is undervaluing Allegheny Technologies. The firm believes that the aerospace market is heating up, and it raised its price target on Allegheny to $50 from $45. Stifel keeps a Buy rating on the stock.
News For ATI;AA From The Last 14 Days
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March 3, 2015
05:26 EDTAAAlcoa completes acquisition of TITAL
Alcoa announced that it has completed the acquisition of privately held TITAL. Alcoa closed the transaction, which was announced on December 15, 2014, after receiving all of the required global regulatory approvals. TITAL is a manufacturer of titanium and aluminum structural castings for aircraft engines and airframes. Alcoa sees a current 8-year production order book at 2014 delivery rates. Almost 70% of TITAL’s revenues are expected to come from commercial aerospace sales in 2019. Further, its titanium revenues are expected to increase by 70% over the next five years as manufacturers of next-generation jet engines look to titanium solutions for engine structural components. In 2014, TITAL generated revenues of approximately approximately $100M, more than half of which came from titanium products. TITAL’s business is being integrated into Alcoa’s Engineered Products and Solutions segment.
February 27, 2015
20:39 EDTATIAllegheny Technologies management to meet with Sterne Agee
Field trip to company facility to be held in Irvine, CA on March 4 hosted by Sterne Agee.
February 26, 2015
09:35 EDTAAActive equity options trading on open
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07:12 EDTATIUBS to hold a conference
Aerospace & Defense, Airlines & Lessors 1:1 Conference is being held in Boston on February 26.
February 23, 2015
07:40 EDTAABMO Capital to hold a conference
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