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BUZZ-Meggitt: in-line FY fails to support valuation

** In-line FY 2014 results from Meggitt (Other OTC: MEGGF - news) prove insufficient to justify the recent strong rally from the aircraft parts supplier

** Co offers a brighter outlook following a tough 2014, hikes divi & gives news of a contract win; but analysts expect forecasts to remain unchanged

** A Goldman Sachs (NYSE: GS-PB - news) rating downgrade to "sell" on co's customer Boeing (NYSE: BA - news) did little to help sentiment in the stock, one London-based trader says

** Shares (Frankfurt: DI6.F - news) , which hit a record high on Monday, down 3.7 pct, top FTSE 100 faller & among most actively traded stocks on index (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)