ATI price target raised to $120 from $105 at BTIG

BTIG raised the firm’s price target on ATI (ATI) to $120 from $105 and keeps a Buy rating on the shares as part of a broader research note recapping Q2 results in Aerospace and Defense. Each stock discussed sold off after reporting earnings last Thursday, but the backdrop remains strong for A&D materials suppliers – especially when considering their agnostic nature to OEM and MRO – Maintenance, Repair, and Overhaul – end-markets, the analyst tells investors in a research note.