EVENTS:   The Roaring 2020s or a Rerun of the 1970s? - Edward Yardeni/Yardeni Research - 24 Mar 26   Best Equity Short Ideas Conference Call 13 - Thomas Chanos/Badger Consultants & Dr. Aaron Fletcher/Bios Research & Jonathan Telgener/Channel Dynamics & Ed Steele/Iron Blue Financials & John Zolidis/Quo Vadis Capital & Mark Hiley/The Analyst - 26 Mar 26     ROADSHOWS: Chinese Equity Ideas & Channel Checks Across 50 sub-sectors - Don Ma /Horizon Insights   •   London   23 - 27 Mar 26       Long Short European Equity Research - Harry Grist /The Analyst   •   New York   26 Mar 26       Fundamental US Healthcare Short Ideas - Dr Elliot Favus /Favus Institutional Research   •   London   27 - 27 Mar 26      
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Titanium: Bubble? What inventory bubble?

Northcoast Research

The Northcoast Research team are raising their titanium industry demand assumptions to account for a stronger-than-expected commercial aerospace backdrop, rapid inventory depletion and the cell phone redesign contribution. Companies focused on upstream production appear to be well-positioned to realise double-digit unit volume growth over the next year three years. Titanium pricing may have cooled in recent months, but the weakness has been attributed to normal mid-cycle correction factors and will only be a temporary adjustment. This supports the relatively bullish outlooks provided by the likes of BUY-rated ATI Inc..

Edition: 173

- 10 November, 2023