ATI price target raised to $180 from $165 at BTIG

BTIG raised the firm’s price target on ATI (ATI) to $180 from $165 and keeps a Buy rating on the shares after its Q1 earnings beat and guidance raise. The company is set up well for the next several years with strong demand visibility, improving execution, and ongoing benefits from pricing and mix, the analyst tells investors in a research note. Tight supply, focus on higher-value aerospace, defense, and energy products, and portfolio discipline continue to support high margins and solid incremental profitability, the firm added.