ATI price target lowered to $100 from $105 at Susquehanna

Susquehanna lowered the firm’s price target on ATI (ATI) to $100 from $105 and keeps a Positive rating on the shares. The firm said while the 2Q results came in broadly in line with our expectations, the recovery in the airframe business (down 7% Y/Y in 2Q) is now expected to be shifting to 2026, driven largely by customer inventory destocking.