ATI price target raised to $165 from $120 at BTIG

BTIG raised the firm’s price target on ATI (ATI) to $165 from $120 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s 2026 EBITDA outlook is to be driven half by better pricing and half by higher volumes, the analyst tells investors in a research note. Airframe sales have been the choppiest of any sizable end market and have largely lagged expectations in recent quarters, though the firm remains optimistic over the long-term as OEMs continue to meaningfully ramp production, the firm added.